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.

                    
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