Which of the following requires that bank loans to insiders be priced at market rates?
A)Community Reinvestment Act of 1977
B)Equal Credit Opportunity Act of 1974
C)Sarbanes-Oxley Act of 2002
D)Bank Lending Act of 2003
E)U.S.Patriot Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 includes provisions aimed at improving corporate governance and preventing corporate fraud. One aspect of this is ensuring that loans to insiders (such as executives) are made at market rates, to prevent conflicts of interest and protect shareholders.

Which of the Following Requires That Bank Loans to Insiders