1. (a) An officer or official who in any way knowingly permits or participates in making a loan in violation of § 6-611 of this title is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $3,000 or imprisonment not exceeding 5 years or both, per occurrence.

2. (b) If a loan is made in violation of § 6-611 of this title, the credit union may recover the amount of the loan from:

   1. (1) Any borrower; or
   2. (2) Any officer or official who knowingly permitted or participated in making the loan.

Added by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.