Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Chapter 208-460 - Member business loans
Section 208-460-070 - How much may a member or associated members borrow?
Universal Citation: WA Admin Code 208-460-070
Current through Register Vol. 24-18, September 15, 2024
Unless the director grants a waiver for a higher amount, the aggregate amount of member business loans to a member or associated members may not exceed the greater of:
(1) Fifteen percent of the credit union's net worth; or
(2) One hundred thousand dollars.
Statutory Authority: RCW 31.12.426(1), 31.12.516(2), 43.320.040. 01-10-084, § 208-460-070, filed 5/1/01, effective 6/1/01.
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