S.C. Code § 34-26-870

Current through 2024 Act No. 225.
Section 34-26-870 - Credit union participation in joint loan with other credit union

A credit union may participate in loans to credit union members jointly with other credit unions pursuant to written policies established by the board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount of the loan.

S.C. Code § 34-26-870

1996 Act No. 371, Section 1, eff 5/29/1996.