Maryland Financial Institutions Section 6-605

      (a)      A credit union may make a loan, including a business loan, to a member with or without security in accordance with the written lending policies established by the board that cover all secured and unsecured loans.

      (b)      A credit union may accept as security for a loan:

            (1)      An endorsed note;

            (2)      A note secured by a lien on real, leasehold, or personal property;

            (3)      An assignment of shares or deposits in the credit union; or

            (4)      Any other kind of security that is approved by the Commissioner.

      (c)      The Commissioner may review the lending policies of the credit union and order changes.