Comment Call: Advanced Notice of Proposed Rulemaking – Member Business Loans

CUNA
July 17, 2008 | COMMENTS

The National Credit Union Administration (NCUA) Board has issued an advance notice of proposed rulemaking (ANPR) in which the agency has requested comments on how the member business lending (MBL) rules should be revised or clarified.

NCUA is specifically reviewing the following provisions of the MBL rules:

• Loan-to-value (LTV) ratio requirements.
• Collateral and security requirements.
• Credit union service organization (CUSO) involvement in the MBL process.
• MBL loan participations.
• Waivers.

Comments are due by August 25, 2008. Please submit your comments to CUNA by August 14, 2008.

Please feel free to fax your responses to CUNA at 202-638-7052; e-mail them to Senior Vice President and Deputy General Counsel Mary Dunn at mdunn@cuna.coop and to Senior Assistant General Counsel Jeff Bloch at jbloch@cuna.coop; or mail them to Mary and Jeff c/o CUNA's Regulatory Advocacy Department, 601 Pennsylvania Avenue, NW, South Building, Suite 600, Washington, DC 20004-2601. You may also contact us at 800-356-9655, ext. 6732, if you would like a copy of the ANPR. You may also access it on the Internet here.

> Read the rest of the comment call and questions here at cuna.org