Va. Code § 6.2-1374

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

Section 6.2-1374 - Lines of credit

Notwithstanding the requirements of § 6.2-1354, the credit committee or a loan officer may approve an application for a line of credit. When a line of credit has been approved, advances may be made as requested without further loan application or approval if the aggregate outstanding balance on all advances does not exceed the limit specified.

Va. Code § 6.2-1374

1976, c. 204, § 6.1-212.1; 1986, c. 147; 1990, c. 373, § 6.1-225.55; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1990, § c. 373, § 6.1-225.55.

Amended by Acts 1986, § c. 147.

Amended by Acts 1976, § c. 204, § 6.1-212.1.