Title 12

SECTION 7.1021

7.1021 National bank participation in financial literacy programs.

§ 7.1021 National bank participation in financial literacy programs. Link to an amendment published at 85 FR 83729, Dec. 22, 2020.

A national bank may participate in a financial literacy program on the premises of, or at a facility used by, a school. The school premises or facility will not be considered a branch of the bank if:

(a) The bank does not establish and operate the school premises or facility on which the financial literacy program is conducted; and

(b) The principal purpose of the financial literacy program is educational. For example, a program is educational if it is designed to teach students the principles of personal economics or the benefits of saving for the future, and is not designed for the purpose of profit-making.

[66 FR 34791, July 2, 2001]

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