17-5567

Chapter 17.--CORPORATIONS
Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5567.   Same; extensions of credit through; withdrawal limitations. Any savings and loan association shall be permitted to extend credit bymeans of a prearranged revolving credit account, in an amount not to exceedten percent (10%) of the total assets of the savings and loan association,when such credit is extended through the use of a remote service unit.Revolving credit account withdrawals shall not exceed $300.00 pertransaction and shall be restricted to individuals, not corporate orcommercial accounts.

      History:   L. 1975, ch. 128, § 4; July 1.