In the United States,national banks cannot extend an unsecured loan to a single borrower that exceeds _____________ of the bank's capital and surplus.
A)25 percent
B)10 percent
C)15 percent
D)20 percent
E)None of the options is correct

Question

Quizplus · Accepted Answer

National banks in the United States are generally restricted to extending unsecured loans to a single borrower that do not exceed 15 percent of the bank's capital and surplus, according to federal regulations.

In the United States,national Banks Cannot Extend an Unsecured Loan