The Credit Unions (Deposits and Loans) Order (Northern Ireland) 2006

Maximum repayment period for unsecured loans

This section has no associated Explanatory Memorandum

5.  In Article 28(4)(a) of the 1985 Order (which provides that the maximum period within which an unsecured loan by a credit union must be repaid shall be 4 years(1)) the specified period shall be 5 years instead of 4 years.