A proposal by the Office of the Comptroller of the Currency to exempt certain secured loans from insider lending limits has drawn applause from bankers.

The agency in December proposed to allow national banks to make unlimited loans to bank executives if these loans are secured by government-backed securities or segregated deposit accounts. In a comment filed with the Comptroller's Office, the president of the Independent Bankers Association of America said these exemptions are especially important for community banks.

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