Bill Text: IN SB0242 | 2016 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Loans to credit union officers. For purposes of the statute authorizing a state chartered credit union to make a loan to an officer of the credit union, makes the lending limit consistent with federal law that applies to loans to officers of a bank. (Current law provides that the total of all such outstanding loans may not exceed $100,000.)
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2016-03-21 - Public Law 40 [SB0242 Detail]
Download: Indiana-2016-SB0242-Amended.pdf
Bill Title: Loans to credit union officers. For purposes of the statute authorizing a state chartered credit union to make a loan to an officer of the credit union, makes the lending limit consistent with federal law that applies to loans to officers of a bank. (Current law provides that the total of all such outstanding loans may not exceed $100,000.)
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2016-03-21 - Public Law 40 [SB0242 Detail]
Download: Indiana-2016-SB0242-Amended.pdf
