While only a small percentage of Kansas' credit unions offer member business loans, the Kansas Department of Credit Unions felt the need to issue a reminder bulletin after recently spotting a few violations.
According to an April 30 bulletin, the KDCU said it recently reviewed some MBLs that exceeded the maximum loan-to-value ratio 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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