Utah Code 7-9-28. Loan to credit union official
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Terms Used In Utah Code 7-9-28
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
The board of directors shall review and either approve or deny a loan application on which a member of the board of directors, credit committee, supervisory committee, president, or credit manager is a direct obligor, or endorser, cosigner, or guarantor.