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Section 6-604 - Maximum of Loans to Single Member — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 6 - Credit Unions/
  6. Subtitle 6 - Loans/
  7. Section 6-604 - Maximum of Loans to Single Member
Maryland Legal Code

Section 6-604 - Maximum of Loans to Single Member

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The total of all loans made by a credit union directly or indirectly to any one member may not exceed 10 percent of the total assets of the credit union.