California Financial Code ARTICLE 5 - Credit Committee and Loan Officers

• Section 14600.
  Every credit union shall have a credit committee of at least three persons, each of whom shall be a member of the credit union, or...
• Section 14601.
  No member of the credit committee or the credit manager or any loan officer shall serve as a member of the supervisory committee.(Amended by Stats....
• Section 14602.
  (a) (1) No credit union shall create any obligation with a credit union member, without the written approval of a majority of all the members of the...
• Section 14603.
  The credit committee, the credit manager, or a loan officer may approve in advance, upon their own motion or upon the application of any member,...
• Section 14604.
  A credit union member whose written application to enter into any obligation is denied, may appeal from the denial of the credit committee, the credit...
• Section 14605.
  A credit manager shall not disburse or have the authority to authorize any person to disburse the proceeds of any loan. A credit manager shall...

Last modified: October 22, 2018