Section 5(1)(j) in Jammu and Kashmir Co-operative Societies Rules, 2001
(j)In the case of credit societies:-(i)the maximum loan admissible to a member;(ii)the maximum rates of interest on loans to a member;(iii)the conditions on which loans may be granted to a member;(iv)the procedure for granting extension of time for repayment of loans;(v)the consequences of default in payment of any sum dues; and(vi)the circumstances under which a loan may be recalled.