Utah Code § 51-12-204

Current through the 2024 Fourth Special Session
Section 51-12-204 - Exception to credit union lending requirements

Notwithstanding any provision of Title 7, Chapter 9, Utah Credit Union Act, or any other applicable statute requiring membership in the credit union by a borrower, a state or federally chartered credit union may make a loan to a developer of a qualified project and may request a deposit in accordance with Sections 51-12-201 and 51-12-202.

Utah Code § 51-12-204

Added by Chapter 510, 2024 General Session ,§ 7, eff. 5/1/2024.