Peter Westerman |
February 21, 2006
ALEXANDRIA, Va. - The member business lending rule, with some exceptions, applies to any loan, line of credit, or letter of credit where the borrower uses the proceeds for a commercial, corporate, or business purpose, NCUA recently clarified. Cary C. Boyden, an attorney with Sacramento-based Boyden, Cooluris, Livingston, & Saxe,...