Navigation Top
AGO Logo Graphic
AGO Header Image
File a Complaint
Contact the AGO
AGO Opinions with Topic: PERMISSIBLE DURATION OF LOANS BY STATE REGULATED CREDIT UNIONS
AGLO 1978 No. 9 >  March 14, 1978
BANKS AND BANKING - CREDIT UNIONS - LOANS - PERMISSIBLE DURATION OF LOANS BY STATE REGULATED CREDIT UNIONS
BANKS AND BANKING ‑- CREDIT UNIONS ‑- LOANS ‑- PERMISSIBLE DURATION OF LOANS BY STATE REGULATED CREDIT UNIONS

A state regulated credit union may legally take action which will have the effect of extending a loan beyond the applicable four-year or eight-year statutory limit without violating RCW 31.12.270, but only so long as the extension is and remains at the discretion of the credit union and does not become, in some manner, a contractual right of the borrower.

Content Bottom Graphic
AGO Logo