Arizona § 6-562 Interest rates and other charges

Arizona Statutes

§ 6-562 — Interest rates and other charges

Arizona § 6-562

Title 6Arizona Revised Statutes

Ch. 4CREDIT UNIONS

Art. 7Loans

This text of Arizona § 6-562 (Interest rates and other charges) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 6-562 (2026).

Text

A.The board of directors shall determine the interest rates on loans. The board may also authorize any refund of interest on loans under the conditions it may prescribe.

B.In addition to interest charged on loans, a credit union may charge all reasonable fees and expenses in connection with the making, closing, disbursing, extending, modifying, collecting or renewing of loans.

C.A credit union may assess charges to members, in accordance with board policy, for failure to meet their obligations to the credit union in a timely manner.

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A. The board of directors shall determine the interest rates on loans. The board may also authorize any refund of interest on loans under the conditions it may prescribe.

B. In addition to interest charged on loans, a credit union may charge all reasonable fees and expenses in connection with the making, closing, disbursing, extending, modifying, collecting or renewing of loans.

C. A credit union may assess charges to members, in accordance with board policy, for failure to meet their obligations to the credit union in a timely manner.