                                 CODE OF VIRGINIA

LINES OF CREDIT (§ 6.2-1374)

Notwithstanding the requirements of § 6.2-1354, the credit committee or a loan
officer may approve an application for a line of credit. When a line of credit
has been approved, advances may be made as requested without further loan
application or approval if the aggregate outstanding balance on all advances
does not exceed the limit specified.

HISTORY: 1976, c. 204, § 6.1-212.1; 1986, c. 147; 1990, c. 373, § 6.1-225.55;
2010, c. 794.