Current as of January 01, 2020 | Updated by FindLaw Staff
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In ascertaining the value of the assets of a credit union:
1. A loan delinquent for more than two but less than six months shall be valued at 90 percent of the unpaid balance;
2. A loan delinquent for six months but less than 12 months shall be valued at 75 percent of the unpaid balance; and
3. A loan delinquent for 12 months or more shall be treated as of no value.
Cite this article: FindLaw.com - Virginia Code Title 6.2. Financial Institutions and Services § 6.2-1361. Ascertaining value of assets - last updated January 01, 2020 | https://codes.findlaw.com/va/title-6-2-financial-institutions-and-services/va-code-sect-6-2-1361/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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