10 Va. Admin. Code § 5-40-80

Current through Register Vol. 41, No. 9, December 16, 2024

Section 10VAC5-40-80 - Loan participations

Notwithstanding any provision of Chapter 13 (§ 6.2-1300 et seq.) of Title 6.2 of the Code of Virginia relating to loan participations or cooperative loans, a state-chartered credit union may purchase a participation interest in a loan to the same extent, and subject to the same terms and conditions, as is authorized for federal credit unions under 12 CFR 701.22.

10 Va. Admin. Code § 5-40-80

Derived From Virginia Register Volume 30, Issue 10, eff. January 1, 2014.

Statutory Authority: §§ 6.2-1303 and 12.1-13 of the Code of Virginia.