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NCUA | RIN: 3133-AD91 | Publication ID: Fall 2011 |
Title: ●Community Development Revolving Loan Fund | |
Abstract: NCUA proposed to change its rule governing the process by which the agency solicits, receives, evaluates and acts on applications seeking loans or technical assistance grants from the Community Development Revolving Loan Fund (CDRLF or Fund). The changes update the current rule and are intended to improve its organization, structure, and ease of use by credit unions. The revisions do not reflect a change to the fundamental mission of the CDRLF, but instead remove unnecessary detail and outdated processes in the current rule while adding clarification and flexibility. The proposal also expands the detail relating to the application process and revises the requirements in the rule addressing reporting and monitoring. | |
Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 705 | |
Legal Authority: 12 USC 1772c-1 PL 99-609 PL 100 stat 3475 (November 16, 1986) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: Organizations | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.reginfo.gov/public/do/eAgendaMain | |
RIN Data Printed in the FR: No | |
Agency Contact: Pamela Yu Special Counsel to the General Counsel National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: pyu@ncua.gov |