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NCUA

RIN: 3133-AD91

Publication ID: 2012

Title: Community Development Revolving Loan Fund Access for Credit Unions
Abstract: NCUA finalized 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). The changes update the 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revisions do not reflect a change to the fundamental mission of the CDRLF, but instead remove unnecessary detail and outdated processes in the current rule while adding clarification and flexibility.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 final rule 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: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 701 12 CFR 705 12 CFR 741
Legal Authority: 12 USC 1772c-1 PL 99-609 PL 100 stat 3475 (November 16, 1986)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	05/25/2011	76 FR 30286
NPRM Comment Period End	07/25/2011
Final Action	11/02/2011	76 FR 67583

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.ncua.gov/Legal/Regs/Pages/FIRegulations.aspx	Public Comment URL: www.ncua.gov/Legal/Pages/PRs20110519CDRLF.aspx
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