Washington Administrative Code (Last Updated: November 23, 2016) |
Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
Chapter 208-460. Member business loans. |
Section 208-460-070. How much may a member or associated members borrow?
Latest version.
- Unless the director grants a waiver for a higher amount, the aggregate amount of member business loans to a member or associated members may not exceed the greater of:(1) Fifteen percent of the credit union's net worth; or(2) One hundred thousand dollars.[Statutory Authority: RCW 31.12.426(1), 31.12.516(2), 43.320.040. WSR 01-10-084, § 208-460-070, filed 5/1/01, effective 6/1/01.]
RCW 31.12.426(1), 31.12.516(2), 43.320.040. WSR 01-10-084, § 208-460-070, filed 5/1/01, effective 6/1/01.