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Code · Utah · Title 51 — Public Funds and Accounts · Chapter 12

51-12-204. Exception to credit union lending requirements.

82 words·~1 min read·/ut/title-51/chapter-12/51-12-204

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Effective 7/1/2025
51-12-204. Exception to credit union lending requirements.
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 or city of the first or second class of a qualified project and may request a deposit in accordance with Sections 51-12-201 and 51-12-202 .
Amended by Chapter 391 , 2025 General Session
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