# COMAR 09.03.01.15: COMAR 09.03.01.15. Maximum Loans to a Single Member

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_15

## Section

- **Citation:** COMAR 09.03.01.15
- **Heading:** COMAR 09.03.01.15. Maximum Loans to a Single Member
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 09 MARYLAND DEPARTMENT OF LABOR / Subtitle 03 COMMISSIONER OF FINANCIAL REGULATION / Chapter 01 Credit Unions / COMAR 09.03.01.15

## Text

The term “indirectly to any one member”, as used in Financial Institutions Article, §6-604, Annotated Code of Maryland , includes a loan or extension of credit made to any member who, acting directly or indirectly, individually or in concert with one or more other persons or entities, or through one or more subsidiaries:
A. Acts in a common enterprise;
B. Owns or controls any entity, or holds proxies for, or otherwise has power to vote, 10 percent or more of the voting shares, rights, or interests of any association or corporation; or
C. Controls in any manner the election or appointment of a majority of the directors of that association or corporation.

## Nearby sections

- [COMAR 09.03.01.08 COMAR 09.03.01.08. Real Estate Lending](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_08.md)
- [COMAR 09.03.01.10 COMAR 09.03.01.10. Investments](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_10.md)
- [COMAR 09.03.01.11 COMAR 09.03.01.11. Accounting Procedures and Records Retention](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_11.md)
- [COMAR 09.03.01.14 COMAR 09.03.01.14. Member Business Loans](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_14.md)
- [COMAR 09.03.01.15 COMAR 09.03.01.15. Maximum Loans to a Single Member](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_15.md)
- [COMAR 09.03.01.16 COMAR 09.03.01.16. Reports to the Commissioner of Financial Regulation](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_16.md)
- [COMAR 09.03.01.17 COMAR 09.03.01.17. Boards of Directors — Electronically Conducted Elections](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_17.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_15. Check the current official text before relying on it. Not legal advice.