10VAC5-40-80. Loan participations.
Notwithstanding any provision of Chapter 13 (§ 6.2-1300 et seq.) of Title 6.2 of the Code of Virginia relating to loan participations or cooperative loans, a state-chartered credit union may purchase a participation interest in a loan to the same extent, and subject to the same terms and conditions, as is authorized for federal credit unions under 12 CFR 701.22.
Statutory Authority
§§ 6.2-1303 and 12.1-13 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 30, Issue 10, eff. January 1, 2014.
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