GroundRules
S.C. Code Ann. § 34-26-870: Credit union participation in joint loan with other credit union.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 26 South Carolina Credit Union Act
- ARTICLE 8 Loans
A credit union may participate in loans to credit union members jointly with other credit unions pursuant to written policies established by the board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount of the loan.
Collected 2026-09-02T07:06:24Z. Source file · JSON