OAR 441-710-0400
Loans to Officials


(1)

Any single loan to a person described in ORS 723.532 (Loans to credit union officials)(2) or the aggregate of all outstanding loans for which such person is directly or indirectly obligated to repay which exceeds $100,000 shall be approved by the Board of Directors.

(2)

If the credit union has a staff of three persons or less, all loans to a person described in ORS 723.532 (Loans to credit union officials)(2) shall be approved by the Board of Directors.

(3)

This rule shall not apply to loans secured by share or deposit accounts.

Source: Rule 441-710-0400 — Loans to Officials, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-710-0400 (accessed May 26, 2025).

May 26, 2025

Rule 441-710-0400's source at or​.us