GroundRules
D.C. Code § 26-507.08: Loans to officials.
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.
(a)
A District credit union may make loans to its officers, directors, and members of its committees, provided that the loan complies with all requirements of this subchapter and is not on terms or conditions more favorable than those extended to other borrowers.
(b)
A District credit union may permit officers, directors, and members of its committees to act as co-makers, cosigners, or guarantors of loans to other members, subject to the requirements of subsection (a) of this section.
Collected 2026-08-29T05:44:07Z. Source file · JSON