N.C. Gen. Stat. § 54B-150
Manner of making loans
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) The board of directors shall establish procedures by which loans are to be considered, approved, and made by the association.
(1) The board of directors shall establish procedures by which loans are to be considered, approved, and made by the association.
(2) All actions on loan applications to the association shall be reported to the board of directors at its next meeting.
(2) All actions on loan applications to the association shall be reported to the board of directors at its next meeting.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.