§ 6-605. Security for loans
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 6-605
§ 6-605. Security for loans
(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.
(b) A credit union may accept as security for a loan:
Credits
Added as Financial Institutions § 6-505 by Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1987, c. 369; Acts 1992, c. 444; Acts 1994, c. 546, § 1, eff. Oct. 1, 1994; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 1997, c. 679, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 6-605 and amended by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
Formerly Art. 11, § 152.
MD Code, Financial Institutions, § 6-605, MD FIN INST § 6-605
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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