WASHINGTON –Finalizing a request for input on changing the rules regarding member business loans is the sole public discussion item on the agenda for next Thursday's NCUA board meeting.
NCUA officials have declined to reveal the contents of the Advanced Notice of Proposed Rule but several sources among the trade associations said they could include changes in the rules governmerning loan-to-value ratios of member business loans.
The current ratio is usually 80%, though NCUA can grant a waiver. The credit union trade associations have urged the agency to change the rules so that individual credit unions can decide the ratio as a business judgment, rather than be part of a regulation. The board has not revealed the details of proposed changes on loan-to-value ratios or other aspects of member business loans.
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The NCUA board is required by law to review one third of its regulations annually and this request for input is part of that process.
The meeting is scheduled for 10:00 a.m. Thursday in the NCUA's offices in Alexandria. Virginia. Two items, an administrative action and an appeal, are scheduled to be discussed in a closed session.
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