Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Chapter 208-460 - Member business loans
Section 208-460-130 - What is the aggregate member business loan limit?

Wash. Admin. Code § 208-460-130

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Current through Register Vol. 24-21, November 1, 2024
Section 208-460-130 - What is the aggregate member business loan limit?

The aggregate limit on the amount of a credit union's member business loans is the lesser of:

(1) One and three quarters times the credit union's net worth; or
(2) Twelve and one quarter percent of the credit union's total assets.

Wash. Admin. Code § 208-460-130

Statutory Authority: RCW 31.12.426(1), 31.12.516(2), 43.320.040. 01-10-084, § 208-460-130, filed 5/1/01, effective 6/1/01.