District of Columbia Statutes
§ 26-507.08 — Loans to officials.
District of Columbia § 26-507.08
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 § 26-507.08 (Loans to officials.) 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 § 26-507.08 (2026).
Text
(a)A District credit union may make loans to its officers, directors, and members of its committees, provided that the loan complies with all requirements of this subchapter and is not on terms or conditions more favorable than those extended to other borrowers.
(b)A District credit union may permit officers, directors, and members of its committees to act as co-makers, cosigners, or guarantors of loans to other members, subject to the requirements of subsection (a) of this section.
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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 § 26-507.08, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/26-507.08.