NCUA Board Chairman Debbie Matz said the agency might propose a rule in 2015 dealing with the member business lending waiver process.
"My intent in modernizing our member business lending regulation is to essentially remove all limits on MBLs except for those limits that are imposed by statute," she told CU Times.
The proposal would eliminate the need for loan-by-loan waivers and blanket waivers on issues such as personal guarantees, loan-to-value ratios, and other underwriting criteria.
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