WASHINGTON -- The NCUA Board voted today to seek comments on ahost of regulations governing member business loans.

In a unanimous vote at a meeting that lasted less than 20minutes, the board voted to ask for opinions and recommendations onissues such as loan-to-value ratio, the waiver process and theexperience level of those who make decisions on these kinds ofloans.

The two major credit union associations have already outlinedtheir strong support for regulatory relief in these and relatedareas and plan to final additional comments as a result of today'sboard vote. NASCUS, which represents state regulators, is alsoplanning to weigh in because Congress has mandated that federal andstate regulators work together on determining the rules surroundingmember business loans.