Or. Admin. R. 441-720-0345

Current through Register Vol. 63, No. 9, September 1, 2024
Section 441-720-0345 - Exceptions to the Aggregate (Net) Member Business Loan Limit

A credit union that has a low-income designation, or participates in a community development financial institutions program, or was chartered for the purpose of making member business loans, or which as of the date of enactment of the Credit Union Membership Access Act of 1998 had a history of primarily making commercial loans, is exempt from compliance with the aggregate member business loan limits in this section.

Or. Admin. R. 441-720-0345

FCS 2-2002, f. & cert. ef. 8-27-02; FSR 1-2022, amend filed 05/18/2022, effective 6/1/2022

Statutory/Other Authority: ORS 723.102

Statutes/Other Implemented: ORS 723.152, 723.156 & 723.512