§ 6–607
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 6-607 (2026)
Title 6. Credit Unions
Subtitle 6. Loans
§ 6–607LinkCopy Citation
(a)
Subject to the provisions of subsection (b) of this section, a credit union may participate with a depository financial institution or a credit union service organization for purposes of making a loan to a credit union member in accordance with the lending policies of the board.
(b)
A credit union may participate in a loan under subsection (a) of this section provided that the credit union that originates the loan retains an interest of at least 10% of the face amount of the loan.