17-5567. Same; extensions of credit through; withdrawal limitations.
17-5567
17-5567. Same; extensions of credit through; withdrawal limitations.
Any savings and loan association shall be permitted to extend credit by
means of a prearranged revolving credit account, in an amount not to exceed
ten 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 per
transaction and shall be restricted to individuals, not corporate or
commercial accounts.
History: L. 1975, ch. 128, § 4; July 1.