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NCUA | RIN: 3133-AE00 | Publication ID: 2012 |
Title: Loan Participation; Purchase, Sale, and Pledge of Eligible Obligations; Purchase of Assets and Assumption of Liabilities | |
Abstract: NCUA requested public comment on a proposal to amend and clarify its loan participation rule and eligible obligations rule. The proposed rule clarified the application of the loan participation rule and its relationship to other rules. It reorganized and streamlined the regulatory provisions relating to credit union purchases of loan participations to improve understanding of the transactions covered. The proposed rule is progressing toward the final rule stage. The proposed rule also expanded loan participation requirements to federally insured, State-chartered credit unions. | |
Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 701.22 12 CFR 701.23 12 CFR 741.8 12 CFR 741.225 | |
Legal Authority: 12 USC 1752(5) 12 USC 1757 12 USC 1765 to 1766 12 USC 1787 12 USC 1981 title V, PL 109 to 351 120 Stat 1966 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | 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 |