Utah Code 51-12-204. Exception to credit union lending requirements
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Terms Used In Utah Code 51-12-204
- Qualified project: includes infrastructure within the housing development project. See Utah Code 51-12-101
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Statute: A law passed by a legislature.
Notwithstanding any provision of Title 7, Chapter 9, Utah Credit Union Act, or any other applicable statute requiring membership in the credit union by a borrower, a state or federally chartered credit union may make a loan to a developer of a qualified project and may request a deposit in accordance with Sections