§ 54-109.47. Loan officers. - North Carolina Statutes

§54‑109.47.  Loan officers.

(a)        The creditcommittee may appoint one or more loan officers and delegate the power toapprove loans, subject to such limitations or conditions as the creditcommittee prescribes.

(b)        Loan applicationsnot approved by a loan officer shall be reviewed and acted upon by the creditcommittee. (1915, c. 115, s. 11; C.S., s. 5235; 1961, c. 1187, s.22; 1965, c. 956, s. 1; 1969, c. 69, s. 5; 1973, c. 199, s. 10; 1975, c. 538,s. 1.)