Virginia Statutes
§ 6.2-1370 — Purpose and condition of loans
Virginia § 6.2-1370
JurisdictionVirginia
Title 6.2FINANCIAL INSTITUTIONS AND SERVICES
Subtitle IIDEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS
Ch. 13CREDIT UNIONS
Art. 9LOANS AND INVESTMENTS
This text of Virginia § 6.2-1370 (Purpose and condition of loans) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 6.2-1370 (2026).
Text
A credit union may lend to its members for such purposes and upon such conditions as the bylaws may prescribe. The board of directors shall establish written policies with respect to granting loans and extending lines of credit, including the terms, conditions, and acceptable forms of security.
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Legislative History
Code 1950, § 6-207; 1956, c. 90; 1966, c. 584, § 6.1-198; 1968, c. 560; 1980, c. 181; 1983, c. 300; 1990, c. 373, § 6.1-225.51; 2010, c. 794.
Nearby Sections
15
§ 6.2-100
Definitions§ 6.2-1000
Definitions§ 6.2-1002
Powers of trust institutions§ 6.2-1005
Deposit or other use of trust funds§ 6.2-1007
Investment of trust funds§ 6.2-1008
Dealings with self or affiliates§ 6.2-101
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Bluebook (online)
Virginia § 6.2-1370, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/6.2/6.2-1370.