# Financial Institutions (GFI)

## Title 6. Credit Unions

### Subtitle 6. Loans

#### Section 6-605

(a) A credit union may make a loan, including a business loan, to a member with or without security in accordance with the written lending policies established by the board that cover all secured and unsecured loans.

(b) A credit union may accept as security for a loan:

  (1) An endorsed note;

  (2) A note secured by a lien on real, leasehold, or personal property;

  (3) An assignment of shares or deposits in the credit union; or

  (4) Any other kind of security that is approved by the Commissioner.

(c) The Commissioner may review the lending policies of the credit union and order changes.

---

Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)