Credit unions in Vermont could see several changes to the state's credit union business lending regulation.
The Vermont Department of Banking, Insurance, Securities and Health Care Administration has proposed revisions to Regulation B-2012-01. If adopted, the changes would increase the qualification limits of business loans from $15,000 to $50,000, update accounting limitations and establish requirements for the credit unions policy and qualification requirements of underwriters, among other revisions.
The changes would make the revised rule compatible with the NCUA's federal provisions.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
