{"data":{"id":"us-md/md.-code-financial-institutions-6-605","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 6–605","heading":"","body":"(a) A credit union may make a loan, including a business loan, to a member with or without security in accordance with the written lending policies established by the board that cover all secured and unsecured loans.\n(b) A credit union may accept as security for a loan:\n(1) An endorsed note;\n(2) A note secured by a lien on real, leasehold, or personal property;\n(3) An assignment of shares or deposits in the credit union; or\n(4) Any other kind of security that is approved by the Commissioner.\n(c) The Commissioner may review the lending policies of the credit union and order changes.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=6-605","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"cf563e9b4adddc56207a5f9aa26060dbc1497eac7169d746e44affc30a705507","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-6-604","next":"us-md/md.-code-financial-institutions-6-606"},"notice":"GroundRules: Original legal text. Not legal advice."}