Va. Code § 6.2-1361
Ascertaining value of assets
Virginia · Code of Virginia Title 6.2 — Financial Institutions and Services · Status: effective
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- Citation
- Va. Code § 6.2-1361, Ascertaining value of assets, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1397249
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Full text
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.