Consumer Credit Regulation: F.1.3 Summary of OCC Interpretive Letters
The full text of these letters is available online as companion material to this treatise.
Interpretive Letter No. 1100 (May 5, 2008). An operating subsidiary is entitled to use the interest rate permitted by its parent bank’s home state where the subsidiary does not conduct any business in that home state and where approval of the loans does not occur at any branch of the bank.