4.__Written loan policy.__The board of directors shall establish a written loan policy, which must be reviewed and ratified at least annually, that addresses at a minimum the following:

A.__Individual lending officer authority;

B.__Loan mix and diversification;

C.__Loan quality parameters; and

D.__Delegation of authority to officers and committees responsible for administering the portfolio.

Sec. 37. 9-B MRSA §852, sub-§2, as enacted by PL 1975, c. 500, §1, is repealed.

Sec. 38. 9-B MRSA §854, sub-§3 is enacted to read:

3.__Rulemaking.__The superintendent may adopt rules to administer and carry out this section, including rules to define or further define terms used in this section and to establish limits or requirements other than those specified in this section.__Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2- A.

Sec. 39. 9-B MRSA §861, sub-§3 is enacted to read:

3.__Written investment policy.__A credit union's board of directors shall establish a written investment policy, which must be reviewed and ratified at least annually, that addresses at a minimum the following:

A.__Investment quality parameters;

B.__Investment mix and diversification;

C.__Investment maturities; and

D.__Delegation of authority to officers and committees responsible for administering the portfolio.

Sec. 40. 9-B MRSA §862, sub-§1, as amended by PL 1985, c. 533, §1, is further amended to read: