H.B. 1154
VETOES
4. THAT PORTION OF ANY RENTAL PAYMENT WHICH IS
APPLICABLE TO THE SPACE SUBLEASED FROM THE BANK OR TRUST COMPANY AND
NOT USED BY IT.
(11) (I) "LOAN" MEANS ANY EXTENSION OF CREDIT RESULTING FROM
DIRECT NEGOTIATIONS BETWEEN THE BANK OR TRUST COMPANY AND ITS
CUSTOMER, AND/OR THE PURCHASE, IN WHOLE OR IN PART, OF SUCH EXTENSION
OF CREDIT FROM ANOTHER. LOANS INCLUDE PARTICIPATIONS, SYNDICATIONS, AND
LEASES TREATED AS LOANS FOR FEDERAL INCOME TAX PURPOSES.
(II) "LOAN" DOES NOT INCLUDE!
1. PROPERTIES TREATED AS LOANS UNDER § 595 OF THE
INTERNAL REVENUE CODE;
2. FUTURES OR FORWARD CONTRACTS;
3. OPTIONS;
4. NOTIONAL PRINCIPAL CONTRACTS SUCH AS SWAPS;
5. CREDIT CARD RECEIVABLES, INCLUDING PURCHASED
CREDIT CARD RELATIONSHIPS;
6. NONINTEREST BEARING BALANCES DUE FROM
DEPOSITORY INSTITUTIONS;
7. CASH ITEMS IN THE PROCESS OF COLLECTION;
8. FEDERAL FUNDS SOLD;
9. SECURITIES PURCHASED UNDER AGREEMENTS TO
RESELL;
10. ASSETS HELD IN A TRADING ACCOUNT;
11. SECURITIES;
12. INTERESTS IN A REMIC, OR OTHER MORTGAGE-BACKED
OR ASSET BACKED SECURITY; AND
13. OTHER SIMILAR ITEMS.
(12) "LOAN SECURED BY REAL PROPERTY" MEANS THAT 50% OR MORE
OF THE AGGREGATE VALUE OF THE COLLATERAL USED TO SECURE A LOAN OR
OTHER OBLIGATION, WHEN VALUED AT FAIR MARKET VALUE AS OF THE TIME THE
ORIGINAL LOAN OR OBLIGATION WAS INCURRED, WAS REAL PROPERTY.
(13) "MERCHANT DISCOUNT" MEANS THE FEE OR NEGOTIATED
DISCOUNT CHARGED TO A MERCHANT BY THE BANK OR TRUST COMPANY FOR THE
PRIVILEGE OF PARTICIPATING IN A PROGRAM WHEREBY A CREDIT CARD IS
ACCEPTED IN PAYMENT FOR MERCHANDISE OR SERVICES SOLD TO THE CARD
HOLDER.
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