Va. Code § 6.2-1370

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1370 - Purpose and condition of loans

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.

Va. Code § 6.2-1370

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.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.51.

Amended by Acts 1983, § c. 300.

Amended by Acts 1980, § c. 181.

Amended by Acts 1968, § c. 560.

Amended by Acts 1966, § c. 584, § 6.1-198.

Amended by Acts 1956, § c. 90.