WASHINGTON –Finalizing a request for input on changing the rules regarding member business loans is the sole public discussion item on the agenda for next Thursday's NCUA board meeting.
NCUA officials have declined to reveal the contents of the Advanced Notice of Proposed Rule but several sources among the trade associations said they could include changes in the rules governmerning loan-to-value ratios of member business loans.
The current ratio is usually 80%, though NCUA can grant a waiver. The credit union trade associations have urged the agency to change the rules so that individual credit unions can decide the ratio as a business judgment, rather than be part of a regulation. The board has not revealed the details of proposed changes on loan-to-value ratios or other aspects of member business loans.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
