N.J.S.A. 17:13-105 — Manner of payment of loans to members

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 is the verbatim text of N.J.S.A. 17:13-105, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.