North Carolina General Statutes 54B-150. Manner of making loans
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Terms Used In North Carolina General Statutes 54B-150
- Association: includes a State association or a federal association unless limited by use of the words "State" or "federal. See North Carolina General Statutes 54B-4
(a) The board of directors shall establish procedures by which loans are to be considered, approved, and made by the association.
(b) All actions on loan applications to the association shall be reported to the board of directors at its next meeting. (1981, c. 282, s. 3; 1983, c. 144, s. 18.)