Va. Code § 6.2-1361

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

Section 6.2-1361 - Ascertaining value of assets

In ascertaining the value of the assets of a credit union:

1. A loan delinquent for more than two but less than six months shall be valued at 90 percent of the unpaid balance;

2. A loan delinquent for six months but less than 12 months shall be valued at 75 percent of the unpaid balance; and

3. A loan delinquent for 12 months or more shall be treated as of no value.

Va. Code § 6.2-1361

Code 1950, § 6-228; 1964, c. 75; 1966, c. 584, § 6.1-219; 1968, c. 560; 1976, c. 202; 1990, c. 373, § 6.1-225.44; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.44.

Amended by Acts 1976, § c. 202.

Amended by Acts 1968, § c. 560.

Amended by Acts 1966, § c. 584, § 6.1-219.

Amended by Acts 1964, § c. 75.