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NCUA RIN: 3133-AF30 Publication ID: Spring 2021 
Title: ●Capitalization of Interest in Connection With Loan Workouts and Modifications 

The NCUA Board issued a proposed rule to remove the prohibition against federally insured credit unions capitalizing interest in connection with loan workouts and modifications.  In conjunction with removing this prohibition, the proposed rule requires several consumer protection and safety and soundness safeguards for credit unions that engage in this practice.  The proposed rule also makes several more technical updates and clarifications to the current regulation governing loan workouts and modifications.  The Board is reviewing public comments received on the proposed rule.  Please note that the entry for RIN 3133-AF27 is duplicative of this rule entry.  The two RINs have therefore been merged.

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 741 Appendix B   
Legal Authority: 12 U.S.C. 1757    12 U.S.C. 1766(a)    12 U.S.C. 1781 to 1790    12 U.S.C. 1790d    31 U.S.C. 3717   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/04/2020  85 FR 78269   
NPRM Comment Period End  02/02/2021 
Final Action  05/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Related RINs: Merged with 3133-AF27 
Agency Contact:
Ariel Pereira
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 548-2778
Fax:703 518-6569