New York § 474 Loan reports to directors

New York Statutes

§ 474 — Loan reports to directors

New York § 474

Law BNKBanking

Art. 11Credit Unions

This text of New York § 474 (Loan reports to directors) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 474 (2026).

Text

§ 474. Loan reports to directors.

1.The credit committee shall\nprepare and submit written reports to the board of directors of all\nloans approved or disapproved. If there is no credit committee, the\nboard of directors shall designate, by resolution, a loan officer or\nofficers whose duty it shall be to prepare and submit such written\nreports to the board.\n 2. These written reports shall be submitted to the board of directors\nat every regular monthly meeting of the board. Such written reports\nshall include a detailed description of any collateral securing these\nloans.\n 3. The superintendent may promulgate regulations relating to the\nprovisions of these loan reports.\n

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

§ 474. Loan reports to directors. 1. The credit committee shall\nprepare and submit written reports to the board of directors of all\nloans approved or disapproved. If there is no credit committee, the\nboard of directors shall designate, by resolution, a loan officer or\nofficers whose duty it shall be to prepare and submit such written\nreports to the board.\n 2. These written reports shall be submitted to the board of directors\nat every regular monthly meeting of the board. Such written reports\nshall include a detailed description of any collateral securing these\nloans.\n 3. The superintendent may promulgate regulations relating to the\nprovisions of these loan reports.\n