NEWFOUNDLAND AND LABRADOR REGULATION 67/07

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Newfoundland and Labrador
Regulation 2007

NEWFOUNDLAND AND LABRADOR
REGULATION 67/07

Credit Union Regulations (Amendment)
under the
Credit Union Act

(Filed June 26, 2007)

Under the authority of section 243 of the Credit Union Act, I make the following regulations.

Dated at St. John's, June 26, 2007.

Dianne Whalen
Minister of Government Services

REGULATIONS

Analysis

1. S.14 Amdt.
Loan requirements and restrictions

NLR 55/99
as amended

1. (1) Paragraph 14(1)(c) of the Credit Union Regulations is amended by deleting the percentage "75%" and by substituting the percentage "80%".

(2) Paragraph 14(6)(a) of the regulations is amended by deleting the percentage "75%" wherever it appears, and by substituting the percentage "80%".