Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-225.52 Other charges

§ 6.1-225.52. Other charges

A. In addition to interest charged on loans, a credit union may charge members all reasonable expenses in connection with making, closing, disbursing, extending, collecting, or renewing loans.

B. In accordance with the bylaws, a credit union may assess charges to members for failure to meet in a timely manner their obligations to the credit union.

(1990, c. 373.)

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Last modified: April 2, 2009