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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 6-607 - Participation with other institutions
Universal Citation:
MD Fin Inst Code § 6-607 (2013)
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§6-607.
(a) Subject to the provisions of subsection (b) of this section, a credit union may participate with a depository financial institution or a credit union service organization for purposes of making a loan to a credit union member in accordance with the lending policies of the board.
(b) A credit union may participate in a loan under subsection (a) of this section provided that the credit union that originates the loan retains an interest of at least 10% of the face amount of the loan.
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