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2012 Statute



Prev Article 55. - SAVINGS AND LOAN CODE; POWERSNext


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.



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2014. Powered by KLISS. Rendered: 2014-10-23T15:40:00. Head Rev No: 351364