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ARLINGTON, Va. — NAFCU President Fred Becker, in response to NCUA’s request for comment on the Proposed Illustrations of Consumer Information for Nontraditional Mortgage Products and the Proposed Illustrations that were simultaneously issued with the Interagency Guidance Regarding Nontraditional Mortgage Products by the five federal regulatory agencies, has written NCUA and expressed his concern that use of the Proposed Illustrations will become mandatory even though the agencies have explained they’re only meant to be examples.

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