North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 06 - CREDIT UNION DIVISION
Subchapter C - CREDIT UNIONS
Section .1300 - RESERVES
Section 06C .1302 - OTHER RESERVES

Universal Citation: 04 NC Admin Code 06C .1302

Current through Register Vol. 39, No. 6, September 16, 2024

(a) Pursuant to G.S. 54-109.86(b), transfers to regular reserves shall be set at zero percent.

(b) Special reserves for delinquent loans and reserves for line of credit shall be maintained as required in Rules .0401 and .0404(b) of this Subchapter.

Authority G.S. 54-109.12; 54-109.86;
Eff. December 1, 1979;
Readopted Eff. February 1, 2018;
Amended Eff. March 1, 2020.

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