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Rules & Regulations

Section 2.        Loans

Business Loans

Section 741.3 of the NCUA Rules and Regulations requires that Section 701.21(h) of the Regulation, relating to member business loans, be adhered to by federally insured state chartered credit unions. Therefore, all Alabama credit unions are regulated in accordance with the provisions of 701.21(h) AND each credit union must adopt a policy which conforms to the regulation and this policy must receive the approval of the Administrator of the Alabama Credit Union Administration.

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