# 12 C.F.R. § 337.5 (2026): Exemption

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_5

## Section

- **Citation:** 12 C.F.R. § 337.5 (2026)
- **Heading:** Exemption
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 337: UNSAFE AND UNSOUND BANKING PRACTICES / § 337.5: § 337.5   Exemption.

## Text

Check guaranty card programs, customer-sponsored credit card programs, and similar arrangements in which a bank undertakes to guarantee the obligations of individuals who are its retail banking deposit customers are exempted from § 337.2:
Provided, however,
That the bank establishes the creditworthiness of the individual before undertaking to guarantee his/her obligations and that any such arrangement to which a bank's principal shareholders, directors, or executive officers are a party be in compliance with applicable provisions of Federal Reserve Regulation O (12 CFR part 215).
[50 FR 10495, Mar. 15, 1985]

## Nearby sections

- [12 C.F.R. § 337.1 (2026) § 337.1   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_1.md)
- [12 C.F.R. § 337.2 (2026) § 337.2   Standby letters of credit.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_2.md)
- [12 C.F.R. § 337.3 (2026) § 337.3   Limits on extensions of credit to executive officers, directors, and principal shareholders of FDIC-supervised institutions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_3.md)
- [12 C.F.R. § 337.5 (2026) § 337.5   Exemption.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_5.md)
- [12 C.F.R. § 337.6 (2026) § 337.6   Brokered deposits.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_6.md)
- [12 C.F.R. § 337.7 (2026) § 337.7   Interest rate restrictions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_7.md)
- [12 C.F.R. § 337.10 (2026) § 337.10   Waiver.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_10.md)
- [12 C.F.R. § 337.11 (2026) § 337.11   Effect on other banking practices.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_11.md)
- [12 C.F.R. § 337.12 (2026) § 337.12   Frequency of examination.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P337_S337_5. Check the current official text before relying on it. Not legal advice.