01. Purpose and conditions of loans. A District credit union may issue loans to members for the purposes and on the conditions prescribed by the board of directors. The board of directors shall establish written policies with respect to granting loans and extending lines of credit, including the terms, conditions, and acceptable forms of security. (May 6, 2020, D.C. Law 23-86, § 701, 67 DCR 3476.)
District of Columbia Legal Code