Practice question
An assigned government bank examiner knowingly assists a bank officer’s prohibited collateral overvaluation to influence lending action. The examiner claims immunity because the bank is not the examiner’s employer. Which is correct?
- Only private employees may be covered
- Section 55.3 expressly reaches the assigned government examiner’s aid in the enumerated acts.
- Government employment makes every valuation lawful
- Only the borrower’s signature matters
- The prohibition applies only after the examiner retires
Legal references
- General Banking Law, RA 8791, Sections 3, 55, 87-88 and 92-93: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html
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