OAR 441-710-0400: Loans to Officials

Edition: Current OARD snapshotEffective: 2005-08-25Last verified: 2026-09-07

(1) Any single loan to a person described in ORS 723.532(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(2) shall be approved by the Board of Directors. (3) This rule shall not apply to loans secured by share or deposit accounts.

Official history and status

Statutory/Other Authority: ORS 723.532

Statutes/Other Implemented: ORS 723.532

History: FCS 2-2005, f. & cert. ef. 8-25-05 FCS 3-2001, f. & cert. ef. 2-13-01

This rule cites

ORS 723.532(2) — resolved
This rule — target_record_not_published

Cited by

No inbound citations found.

Official source: https://secure.sos.state.or.us/oard/