District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-507.04: Loan limit.

Where this section sits in the code

Title 26. Banks and Other Financial Institutions.
Chapter 5. Credit Unions.
Subchapter I. Credit Union Act of 2020.
Part G. Loans.

The board of directors may place a limit on the aggregate amount to be loaned to, or co-signed by, any one member. The aggregate of loans to any one member shall not exceed 5% of the District credit union's capital or 1% of shares and deposits, whichever is greater. This limit shall not apply to loans that are fully secured by shares or deposits in the District credit union.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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