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    • Legislation USA
    • Maryland Statutes
    • Financial Institutions
    • Title 6 - Credit Unions
    • Subtitle 6 - Loans
    • Section 6-611 - Prohibited Loans

    Maryland Statutes
    Subtitle 6 - Loans
    Section 6-611 - Prohibited Loans

    A credit union may not make a loan to any person except:
            (1)    A member of the credit union;
            (2)    Another credit union; or
            (3)    A credit union service organization.

    << Previous

    Structure Maryland Statutes

    Maryland Statutes

    Financial Institutions

    Title 6 - Credit Unions

    Subtitle 6 - Loans

    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

    Section 6-610 - Loans to Officials of Credit Union

    Section 6-611 - Prohibited Loans

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