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2010 New York Code
BNK - Banking
Article 11 - (450 - 487-A) CREDIT UNIONS
459 - Allowance for loan loss.

§  459.  Allowance  for loan loss.  An allowance for loan loss account
  shall be established and maintained in an  amount  that  represents  the
  current  estimated  loss  on  loans. The allowance for loan loss account
  requirement shall be computed and adjusted, through  the  provision  for
  loan loss account, prior to the payment of dividends.
    The  calculation of this account shall be in accordance with the rules
  established by the National Credit Union Administration.

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