Information for questions 1 and 2 from exam 2.

The FDIC has recently proposed the following change in regulation:

Regarding the applicability of the law of a host state (i.e., a state other than the bank's home state), generally, the proposed rules would clarify that a host state law does not apply to an activity that involves a branch in the host state of an out of state, state chartered bank to the same extent that a federal court or the OCC has determined in writing that the particular host state law does not apply to an activity involving a branch in the host state of an out of state national bank. When host state law does not apply, then the proposed rules would provide that the bank's home state law applies.