---
kind: "section"
citation: "29 C.F.R. § 458.34"
title: "29"
number: "458.34"
heading: "Loans to officers or employees."
url: "https://uscodex.org/cfr/29/458.34"
---

# §458.34. Loans to officers or employees.


No labor organization shall directly or indirectly make any loan to any officer or employee of such organization which results in a total indebtedness on the part of such officer or employee to the labor organization in excess of $2,000.


## Notes

### Authority

Authority: 5 U.S.C. 7105, 7111, 7120, 7134; 22 U.S.C. 4107, 4111, 4117; 2 U.S.C. 1351(a)(1); Secretary's Order No. 03-2012, 77 FR 69376, November 16, 2012; Secretary's Order No. 01-2020, 85 FR 13186 (March 6, 2020).

### Source

Source: 45 FR 15158, Mar. 7, 1980, unless otherwise noted. Redesignated at 50 FR 31311, Aug. 1, 1985.