Periodically, we receive questions regarding “federally regulated commercial lending institutions” in the licensing and certification requirements of some tribal-state compacts.
We consider an entity regulated by one of the following four federal agencies to be a “federally regulated commercial lending institution”
- Office of Comptroller
- Federal Deposit Insurance Corporation
- Office of Thrift Supervision
- Federal Reserve
You can use the above links to locate the proposed lender to verify the entity is federally regulated. A subsidiary of a proposed lender will most likely require certification under some tribal-state compacts even if the parent corporation is regulated by one of the federal agencies listed above.