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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 13: Repeal

      Section: 17:13-105: Manner of payment of loans to members

           Loans made by credit unions may be payable to the members in a lump sum or in installments, of the following types:

a. Loans to be repaid in a lump sum by the member;

b. Loans to be repaid in two or more installments, which installments are approximately equal in amount;

c. A line of credit to be made available to the member by the credit union, whereby funds may be advanced to the member pursuant to the member's written authorization and repaid upon terms as established by the board.

L.1984, c. 171, s. 27, eff. Oct. 31, 1984.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:13-105 (if available):



Court decisions that cite this statute: CLICK HERE.