Arizona § 6-562 Interest rates and other charges

Arizona Statutes

§ 6-562 — Interest rates and other charges

Arizona·Title 6 Arizona Revised Statutes·Ch. 4 CREDIT UNIONS·Art. 7 Loans

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Arizona § 6-562 (Interest rates and other charges) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.