Section 3.03.030. Charge-offs.

Latest version.

The commissioner will, in his discretion, require a state-chartered credit union to  
		(1) charge-off that portion of an asset classified as loss in the NCUA report of examination or the state report of examination; or  
		(2) charge-off all debts owed to the credit union in which interest due has been unpaid for a period of six months unless the debt principal is adequately secured and the credit union is in the process of collection.

Authorities

06.01.020;06.45.010

Notes

Authority
 AS 06.01.020  
AS 06.45.010  
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History Eff. 10/2/83, Register 87

                    
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