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NCUA Sticks to Guns on Third-Party Indirect Lending Reg

ALEXANDRIA, Va. - NCUA staff made one small change to its rule on third-party serving of indirect vehicle loans before it was finalized at last week's board meeting.

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ALEXANDRIA, Va. – NCUA staff made one small change to its rule on third-party serving of indirect vehicle loans before it was finalized at last week’s board meeting.

The final rule retained the 50% of net worth threshold for credit unions with less than 30 months experience from any one servicer. After 30 months, the limit would increase to 100% of net worth.

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