(a) Subject to the provisions of subsection (b) of this section, a credit union may participate with a depository financial institution or a credit union service organization for purposes of making a loan to a credit union member in accordance with the lending policies of the board.
(b) A credit union may participate in a loan under subsection (a) of this section provided that the credit union that originates the loan retains an interest of at least 10% of the face amount of the loan.
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