WVC 31 C- 7 - 7
§31C-7-7. Participation loans.
A credit union may participate in loans to credit union
members jointly with other credit unions, credit union
organizations or other organizations pursuant to written policies
established by the credit union's board of directors. A credit
union which originates such a loan shall retain an interest of at
least ten percent of the face amount of the loan.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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