Utah Administrative Code (Current through November 1, 2019) |
R337. Financial Institutions, Credit Unions |
R337-4. Establishment of "Credit Union Service Organizations" |
R337-4-5. Prohibited Member Business Loans
Latest version.
-
A credit union service organization may not extend a member business loan to the following individuals of the credit union service organization or credit unions which invest in or lend to the credit union service organization; or in entities in which these persons have control:
(1) board members;
(2) executive officers; and
(3) appointed committee members.