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ALEXANDRIA, Va. — In official comment letters to NCUA, CUNA and NAFCU praised the agency for its quick turn around with the regulatory relief provisions to stretch the general loan maturity limit and authorize limited nonmember services, but said some clarifications are required.

Along the lines of the legislation, NCUA’s interim rule would extend the general loan maturity limit from 12 to 15 years and permit federal credit unions to provide services like money orders and wire services to nonmembers within their field of membership. However, clarifications are necessary regarding permissible fees and required disclosures, the credit union trades wrote.

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