NEWPORT BEACH, Calif. — NACUSO is asking for feedback as it prepares to comment on NCUA's proposal to revise or clarify several member business loan provisions.
The provisions include those related to loan-to-value ratio requirements, collateral and security requirements, CUSO involvement in the MBL process, MBL loan participation and waivers. The regulator is asking for comments on the provisions, which can be found in greater detail at http://www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/MBL%20ANPR%20June%202008%20_2_.pdf
NACUSO is planning to submit a formal comment letter to NCUA and is asking for feedback to be incorporated in the trade group's opinion. Comments should be submitted to NACUSO General Counsel Guy Messick by Aug. 1 at [email protected].
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