Amending the Federal Credit Union Act: Hearing Before ... , 79-2 on H.R. 3327, Superseded by H.R. 6372 ... , May 7, 19461946 - 18 σελίδες |
Συχνά εμφανιζόμενοι όροι και φράσεις
Act is amended agency amend the Federal amended by adding amended by striking amount and character average credit union BLUMGREN borrow BRENT SPENCE BROWN capital and surplus capital stock CHAIRMAN chartered credit committee Credit Union Act credit union member credit union's paid-in custody of funds debt carries Deposit Insurance Corporation end thereof entire amount entire interest excess of $300 existing law Federal Credit Union Federal Deposit Insurance field of member going greater rate issued in joint joint tenant KILBURN legal rate loan sharks Miss SUMNER mitted to vote national bank obtain loans organization Panama Canal Zone PATMAN pay-roll deduction penalty percent politicalized board qualified member question rate of interest read as follows RHODES savings section 11 small loans SMITH subsection tenancy with right term passbook thereof the following thrift treasurer unimpaired capital union is required unsecured loans usury law violated VOORHIS WOLCOTT
Δημοφιλή αποσπάσματα
Σελίδα 2 - And the knowingly taking, receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Σελίδα 1 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Σελίδα 2 - In case the greater rate of interest has been paid, the person by whom it has been paid, or his legal representatives, may recover back, in an action in the nature of an action of debt, twice the amount of the interest thus paid from the association taking or receiving the same ; Provided, That such action is commenced within two years from the time the usurious transaction occurred.
Σελίδα 2 - The board of directors shall meet at least once a month and shall have the general direction and control of the affairs of the corporation. Minutes of all such meetings shall be kept. Among other things they shall...
Σελίδα 2 - Applications for loans shall be made on forms prepared by such committee, which shall set forth the purpose for which the loan is desired, the security, if any, and such other data as may be required. No loan shall be made to any member which shall cause such member to become indebted to the Federal credit union...
Σελίδα 4 - ... neighborhood, community, or rural district. Shares may be issued in joint tenancy with right of survivorship with any persons designated by the credit union member, but no joint tenant shall be permitted to vote, obtain loans, or hold office, unless he is within the field of membership and is a qualified member. "MEMBERS
Σελίδα 2 - No loan in excess of $50 shall be made without adequate security and no loan shall be made to any member in excess of $200 or 10 per centum of the Federal credit union's paid-in and unimpaired capital and surplus, whichever is greater.
Σελίδα 2 - The credit committee shall hold such meetings as the business of the Federal credit union may require and not less frequently than once a month (of which meetings due notice shall be given to members of the committee by the treasurer) to consider applications for loans.
Σελίδα 1 - HOUSE OF REPRESENTATIVES, COMMITTEE ON BANKING AND CURRENCY, Washington, DC The committee met at 10:30 am, Hon. Brent Spence (chairman) presiding.
Σελίδα 2 - Among other things they shall act upon applications for membership ; fix the amount and character of the surety bond required of any officer having custody of funds...