12 C.F.R. § 723.8   How much may one member or a group of associated members borrow?


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 723—MEMBER BUSINESS LOANS

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§ 723.8   How much may one member or a group of associated members borrow?

Unless your Regional Director grants a waiver for a higher amount, the aggregate amount of net member business loan balances to any one member or group of associated members must not exceed the greater of:

(a) 15% of the credit union's net worth; or

(b) $100,000.

[68 FR 56552, Oct. 1, 2003]

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