§ 6-904
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/md/financial-institutions/6-904A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–904.
(a)An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.
(b)If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:
(1)Any borrower; or
(2)Any officer or official who knowingly permitted or participated in making the loan.