No credit union shall pay or receive any commission or compensation for securing members, for the sale of its shares, or for the granting of loans to its members or to other credit unions except for loan origination fees which are specifically provided for in § 23-35-603.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Subchapter 8 - Prohibited Practices
§ 23-35-801. Misleading conduct or use of words “credit union”
§ 23-35-802. Commission or compensation for sale of shares, grant of loans, etc
§ 23-35-803. Prohibited actions by officers, directors, agents, etc