Restriction on Personal Lending and Borrowing: employees barred from private loans, guarantees, or dealings without permission. Regulation 67 prohibits employees from borrowing from or placing dependents under obligation to brokers, money lenders, subordinate Board employees, or ... Summary
Restriction on Personal Lending and Borrowing: employees barred from private loans, guarantees, or dealings without permission.
Regulation 67 prohibits employees from borrowing from or placing dependents under obligation to brokers, money lenders, subordinate Board employees, or any person or entity dealing with the Board; from incurring debts at race meetings; from privately lending to Board constituents or personally transacting in bills, Government paper or other securities with such constituents; and from privately guaranteeing or indemnifying another without prior permission. A limited exception allows loans or suretyship within a cooperative credit society of which the employee is a member.
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