Utah Administrative Code
Topic - Financial Institutions
Title R337 - Credit Unions
Rule R337-4 - Establishment of "Credit Union Service Organizations"
Section R337-4-5 - Prohibited Member Business Loans
Universal Citation: UT Admin Code R 337-4-5
Current through Bulletin 2024-06, March 15, 2024
A credit union service organization may not extend a member business loan to the following individuals of the credit union service organization or credit unions which invest in or lend to the credit union service organization; or in entities in which these persons have control:
(1) board members;
(2) executive officers; and
(3) appointed committee members.
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