Now that the NCUA has approved a final loan participation rule, some are still concerned about the long-term impact of some of the provisions.
"While I am happy to see that the NCUA raised the limit to 100% of net worth from the proposed 25% of net worth, I still believe this limitation is arbitrary and has little association with mitigating loan default risk," said Brian Lauer, a partner with the Messick & Lauer law firm in Media, Pa.
Continue Reading for Free
Register and gain access to:
- 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
NOT FOR REPRINT
© 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.
