[sfrench]

Is it a violation of Regulation O to waive a late charge on a director loan ?

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[JGo9]

Potentially, waiving late fees for director could be a violation. Directors and other Reg O officers are not to be treated differently (or special) than any other customer.

If you routinely would waive a late fee for any customer under the same circumstances, then you should be fine, but watch out for not being consistent.

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