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Final Loan Participation Rule Has Little to Do With Mitigating Default Risk: Attorney

Now that the NCUA has approved a final loan participation rule, some are still concerned about some of the long-term impacts.

By Michelle A. Samaad | Updated on June 20, 2013

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.

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