After noticing several member business loan violations involving net worth limits and loan to value ratios, the Kansas Department of Credit Unions has issued a reminder to state-chartered credit union to follow the NCUA's MBL rules.
According to an April 30 bulletin, the KDCU said it recently reviewed MBLs that exceeded the maximum loan-to-value of 80%.
The Kansas regulator said it also examined credit unions where the limitation of 15% of the credit union's net worth was not followed.
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