{"data":{"id":"us-or/ors-723.522","jurisdiction":"us-or","citation":"ORS 723.522","heading":"Line of credit.","body":"The credit committee, credit manager, or loan officer may approve in advance upon their own motion or upon application by a member, a line of credit, and advances may be granted to such member within the limit of such extension of credit. Where a line of credit has been approved, no additional loan applications are required as long as the aggregate obligation does not exceed the limit of such extension of credit.","path":["18 - Financial Institutions, Insurance","54. Credit Unions, Lending Institutions and Pawnbrokers","Chapter 723 — Credit Unions"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors723.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"1c743442476c5164d519ef5f3db06cdc2bd81654f002a327caafb61d3d7072a5","source_id":"us-or","stale":false,"prev":"us-or/ors-723.520","next":"us-or/ors-723.526"},"notice":"GroundRules: Original legal text. Not legal advice."}