Section 5-506 - Financial information from certain borrowers.
§ 5-506. Financial information from certain borrowers.
Before a banking institution makes an unsecured loan of $10,000 or more to any person, the banking institution shall obtain sufficient financial information from the person to support the loan.
[An. Code 1957, art. 11, § 108A; 1980, ch. 33, § 2; ch. 411; 2008, ch. 89.]