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NCUA RIN: 3133-AD71 Publication ID: Fall 2010 
Title: Short-Term, Small Amount Loans 
Abstract: The rule would amend the general lending rule to permit federal credit unions (FCUs) to offer short-term, small-dollar (STS) loans as an alternative to traditional payday loans. The rule permits FCUs to charge a higher interest rate for an STS loan than is permitted under the general lending rule, but the proposal will impose limitations on the permissible term, amount, and associated fees with an STS loan. The proposal also contains several risk mitigation requirements FCUs must comply with to take advantage of the higher interest rate. 
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 701.21   
Legal Authority: 12 USC 1757(5) et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/05/2010  75 FR 24497   
NPRM Comment Period End  07/06/2010    
Final Action  09/24/2010  75 FR 58285   
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   Public Comment URL: www.regulations.gov/search/Regs/home.html#home  
RIN Data Printed in the FR: No 
Agency Contact:
Justin Michael Anderson
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6556
Fax:703 518-6569
Email: janderson@ncua.gov