Oregon § 723.512 Loan limit; exception

Oregon Statutes

§ 723.512 — Loan limit; exception

Oregon § 723.512

Vol.18

Title 54Credit Unions, Lending Institutions and Pawnbrokers

Ch. 723Credit Unions

This text of Oregon § 723.512 (Loan limit; exception) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 723.512 (2026).

Text

(1)A credit union may not make a loan to any member in an aggregate amount that exceeds $100,000, or 15 percent of the credit union’s equity, whichever is greater. In determining the amount of loans to be made to a member, loans for which that member is a guarantor or surety must be included, as well as loans to persons who are not individuals if the individual member is a principal or owner of the person who is not an individual or the loan is for that member’s benefit.

(2)The restrictions in subsection (1) of this section do not apply to any loan that is fully guaranteed by shares or deposits.

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

(1) A credit union may not make a loan to any member in an aggregate amount that exceeds $100,000, or 15 percent of the credit union’s equity, whichever is greater. In determining the amount of loans to be made to a member, loans for which that member is a guarantor or surety must be included, as well as loans to persons who are not individuals if the individual member is a principal or owner of the person who is not an individual or the loan is for that member’s benefit.
(2) The restrictions in subsection (1) of this section do not apply to any loan that is fully guaranteed by shares or deposits.