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NCUA | RIN: 3133-AF16 | Publication ID: Spring 2022 |
Title: Capital Adequacy: Risk-Based Net Worth Requirement (Paycheck Protection Program) | |
Abstract:
The NCUA Board (Board) issued an interim final rule to make a conforming amendment to its capital adequacy regulation following the enactment of the Coronavirus Aid, Relief, and Economic Security Act. The interim final rule amended the NCUA’s capital adequacy regulation to provide that loans issued under the Small Business Administration’s Paycheck Protection Program should receive a zero percent risk weight and also made changes to the NCUA's member business and commercial lending regulation. The Board solicited public comment and is reviewing the comments received on the interim final rule. |
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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 702 12 CFR 723 | |
Legal Authority: 12 U.S.C. 1790d |
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: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Rachel J. Ackmann Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 548-2601 Fax:703 518-6569 Email: rackmann@ncua.gov |