Oregon Code § 723.512·Enacted ·Last updated March 01, 2026
Statute Text
Loan
limit; exception.
(1) A credit union may not make a loan to any member in an aggregate amount
that exceeds $100,000, or 15 percent of the credit unions equity, whichever is
greater. In determining the amount of loans to be made to a member, loans for
which that member is a guarantor or surety must be included, as well as loans
to persons who are not individuals if the individual member is a principal or
owner of the person who is not an individual or the loan is for that members
benefit.
(2) The
restrictions in subsection (1) of this section do not apply to any loan that is
fully guaranteed by shares or deposits. [1975 c.652 §54; 1977 c.628 §3; 1979
c.88 §34; 1987 c.650 §8; 1995 c.319 §8; 1999 c.185 §42; 2013 c.480 §6]
Plain English Explanation
This Oregon statute addresses Loan
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.512
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Loan
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 723.512. Use this format in legal documents and court filings.
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