11 GCA § 130116: Limitation on Single Loans.
Where this section sits in the code
- Title 11: Finance and Taxation
- Division 5 - Savings and Loans Associations
- Chapter 130: Investments, Loans and Borrowing
Except with the consent of the Commissioner, no association shall hereafter make any one loan in an amount exceeding three percent (3%) of the book value of its assets; but the provisions of this section shall not apply to any loans which do not exceed twenty thousand dollars ($20,000.00) principal each.
Collected 2026-09-27T03:19:48Z. Source file · JSON