Utah Admin. Code 337-4-5

Current through Bulletin No. 2024-21, November 1, 2024

Section R337-4-5 - Prohibited Member Business Loans

A credit union service organization may not extend a member business loan to the following individuals of the credit union service organization or credit unions which invest in or lend to the credit union service organization; or in entities in which these persons have control:

(1) board members;

(2) executive officers; and

(3) appointed committee members.

Utah Admin. Code R337-4-5