{"data":{"id":"us-sc/s.c.-code-ann.-34-26-650","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-26-650","heading":"Credit committee supervision of member loans.","body":"(1) The credit committee shall have the general supervision of all loans to members. It may approve or disapprove loans, subject to written policies established by the board of directors.\n(2) The credit committee shall meet as often as the business of the credit union requires to consider applications for loans or review the work of the loan officers. No loan shall be made unless it is approved by a majority of the committee who are present at the meeting at which the application is considered.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 26 South Carolina Credit Union Act","ARTICLE 6 Direction of Affairs"],"source_url":"https://www.scstatehouse.gov/code/t34c026.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:06:24Z","sha256":"6265166cb0f08cffff8d571383f00b1b4baf315ca3ab91ce671682b74d31c6ba","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-26-645","next":"us-sc/s.c.-code-ann.-34-26-655"},"notice":"GroundRules: Original legal text. Not legal advice."}