{"data":{"id":"us-me/9-b-m.r.s.-857-a","jurisdiction":"us-me","citation":"9-B M.R.S. §857-A","heading":"Lines of credit","body":"1.  Authorization; limitations.  Subject to the limitations set forth in sections 854 and 855, the credit committee of a credit union may approve a line of credit to a member upon written application by the member, and advances may be made to that member within the limits of that extension of credit. A line of credit given pursuant to this section must be reviewed periodically by a loan officer or the credit committee in accordance with the policy established under section 854.\n2.  Repayment.  Repayment of advances made pursuant to a line of credit shall be on such terms as shall be mutually agreed upon by the member and the credit union.","path":["TITLE 9-B: FINANCIAL INSTITUTIONS","PART 8: CREDIT UNIONS","CHAPTER 85: LOANS"],"source_url":"https://legislature.maine.gov/statutes/9-B/title9-Bsec857-A.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"4959b06e2993a019b764f91726a6e2d094351bad02e51056a7a36e8f23a45f54","source_id":"us-me","stale":false,"prev":"us-me/9-b-m.r.s.-857","next":"us-me/9-b-m.r.s.-858"},"notice":"GroundRules: Original legal text. Not legal advice."}