12 C.F.R. § 2.4

Current through November 30, 2024

Section 2.4 - Bonus and incentive plans

A bank employee or officer may participate in a bonus or incentive plan based on the sale of credit life insurance if payments to the employee or officer in any one year do not exceed the greater of:

(a) Five percent of the recipient's annual salary; or

(b) Five percent of the average salary of all loan officers participating in the plan.

12 C.F.R. § 2.4