04 NCAC 06C .1302         OTHER RESERVES

(a)  Pursuant to G.S. 54-109.86(b), transfers to regular reserves shall be set at zero percent.

(b)  Special reserves for delinquent loans and reserves for line of credit shall be maintained as required in Rules .0401 and .0404(b) of this Subchapter.

History Note:        Authority G.S. 54‑109.12; 54-109.86;

Eff. December 1, 1979;

Readopted Eff. February 1, 2018;

Amended Eff. March 1, 2020.