BANKS AS AGENTS AND BROKERS FOR 
REAL ESTATE LOANS 
= DER the same provision of the Federal Reserve 
Act which makes it legal for certain national banks 
to act as insurance agents, a national bank located in any 
place the population of which does not exceed 5,000 
(last decennial census) may also act as broker or agent 
for others in making or procuring loans on real estate, 
under the following provisions: 
(a) The real estate by which the loan negotiated is secured 
must be located within 100 miles of the place in which the 
bank is located. 
(b) The bank shall in no case guarantee either the principal or 
interest of such loan. 
(¢c) The bank may receive for such services a reasonable fee or 
commission. 
As is the case when a national bank acts as an insurance 
agent the powers conferred by the law may be exercised 
only under such regulations as are prescribed by the 
Comptroller of the Currency. Copies of these regula- 
tions are furnished by the Comptroller. 
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