Code of Virginia § 6.2-1371. Other charges.
65 words·~1 min read·
/va/title-6-2/chapter-13/6-2-1371·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. In addition to interest charged on loans, a credit union may charge members all reasonable expenses in connection with making, closing, disbursing, extending, collecting, or renewing loans.
B. In accordance with the bylaws, a credit union may assess charges to members for failure to meet in a timely manner their obligations to the credit union.
1990, c. 373, § 6.1-225.52; 2010, c. 794 .