law: Co-Operative Societies Act 2008 
  33.
  
  Interest on loans
  1.      For the purposes of
  
  section 199(2) of the Act, no interest payments are to be included in the
  
  credit union’s income where the interest payments are with respect to a
  
  doubtful loan for which an allowance has been made pursuant to Regulation 28
  
  and/or 29.
  2.      Subject to paragraph
  
  (3), a credit union may include in its income a maximum of 2 months accrued
  
  interest with respect to a loan.
  3.      The Registrar, in
  
  writing, may allow a credit union to include in its income accrued interest on
  
  loans where the interest has accrued for a period longer than 2 months.