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| NCUA | RIN: 3133-AD69 | Publication ID: Spring 2011 |
| Title: Member Business Loans | |
| Abstract: NCUA plans to issue proposed amendments to its Member Business Loan (MBL) rule to clarify or revise current provisions to enhance credit union flexibility while maximizing safe and sound credit union operations. Some revisions relate to: loan-to-value ratio requirements; collateral and security requirements; credit union service organization involvement in the MBL process; MBL loan participations; treatment of the sale of abandoned or foreclosed property to non-members; Small Business Administration guaranteed loans; and waivers. | |
| Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: Undetermined | Unfunded Mandates: No |
| CFR Citation: 12 CFR 723 | |
| Legal Authority: 12 USC 1756 to 1757A 12 USC 1766 12 USC 1785 12 USC 1789 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Information URL: www.reginfo.gov/public/do/eAgendaMain | Public Comment URL: www.regulations.gov/search/Regs/home.html#home |
| RIN Data Printed in the FR: No | |
| Related RINs: Related to 3133-AD42 | |
|
Agency Contact: Frank Kressman Staff Attorney National Credit Union Administration Office of General Counsel, 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6558 Fax:703 518-6569 Email: fkressman@ncua.gov |
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