12 CFR 2.4 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (§ 1.1 To Parts 198-199) — Comptroller Of The Currency, Department Of The Treasury (§ 1.1 To Parts 198-199) — Sales Of Credit Life Insurance (§ 2.1 To § 2.5) — Bonus and incentive plans.

4 Aug 2016

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 CFR 2.4