The total of all loans made by a credit union directly or indirectly to any one member may not exceed 10 percent of the total assets of the credit union.
Structure Maryland Statutes
Section 6-601 - Power to Make Loans
Section 6-602 - Credit Committee -- in General
Section 6-603 - Credit Committee -- Approval of Loans; Loan Officers; Meetings
Section 6-604 - Maximum of Loans to Single Member
Section 6-605 - Required Security
Section 6-606 - Mortgage Loans
Section 6-607 - Participation With Other Institutions
Section 6-608 - Government Guarantees
Section 6-609 - Purchase of Certain Obligations and Loans Authorized