OTHER NEWS - Dec. 31, 1992
From Times Staff and Wire Reports
Banking Agencies Adopt Real Estate Lending Rules: Regulators have adopted final guidelines for banks and thrifts to follow when they lend money for real estate projects. As expected, the guidelines give financial institutions plenty of leeway, although they set limits on how much of a down payment can be required to qualify for a loan. The guidelines take effect March 19 and have been adopted by the Federal Reserve, the Office of Thrift Supervision, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.
