South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 2 - COOPERATIVE CREDIT UNIONS
Section 15-51 - Terms and Conditions for State-chartered Credit Union to Make ARM Loans
Universal Citation: SC Code Regs 15-51
Current through Register Vol. 48, No. 9, September 27, 2024
State-chartered credit unions are permitted to make adjustable rate mortgage loans to its members under the same terms and conditions as permitted federally chartered credit unions by National Credit Union Administration Regulation Regulation 12 CFR Part 701, Section 701.21-6B, dated July 22, 1981.
Statutory Authority: 1976 Code Section 34-1-110
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