District of Columbia Statutes
§ 26-507.04 — Loan limit.
District of Columbia § 26-507.04
JurisdictionDistrict of Columbia
Title 26Banks and Other Financial Institutions.
Ch. 5Credit Unions.
Subch. ICredit Union Act of 2020.
Part GLoans.
This text of District of Columbia § 26-507.04 (Loan limit.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 26-507.04 (2026).
Text
The board of directors may place a limit on the aggregate amount to be loaned to, or co-signed by, any one member. The aggregate of loans to any one member shall not exceed 5% of the District credit union's capital or 1% of shares and deposits, whichever is greater. This limit shall not apply to loans that are fully secured by shares or deposits in the District credit union.
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Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 26-507.04, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/26-507.04.