CODE OF VIRGINIA

OTHER CHARGES (§ 6.2-1371)

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.

HISTORY: 1990, c. 373, § 6.1-225.52; 2010, c. 794.