Maryland Statutes
§ 6-605
Maryland § 6-605
This text of Maryland § 6-605 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 6-605 (2026).
Text
(a)A credit union may make a loan, including a business loan, to a member with or without security in accordance with the written lending policies established by the board that cover all secured and unsecured loans.
(b)A credit union may accept as security for a loan:
(1)An endorsed note;
(2)A note secured by a lien on real, leasehold, or personal property;
(3)An assignment of shares or deposits in the credit union; or
(4)Any other kind of security that is approved by the Commissioner.
(c)The Commissioner may review the lending policies of the credit union and order changes.
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Bluebook (online)
Maryland § 6-605, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/6-605.