Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 65 of chapter 171 of the General Laws, inserted by section 1 of chapter 79 of the acts of 1990, is hereby amended by striking out the fourth paragraph and inserting in place thereof the following paragraph:-

Except as may be otherwise specified in this section, a credit union having assets of four million dollars or more, may loan, upon any one parcel of real estate, an amount not exceeding two hundred thousand dollars and the total liability of any one member as borrower upon loans so secured shall not exceed three hundred and twenty-five thousand dollars.