After noticing several member business loan violations involvingnet worth limits and loan to value ratios, the Kansas Department ofCredit Unions has issued a reminder to state-chartered credit unionto follow the NCUA's MBL rules.
According to an April 30bulletin, the KDCU said it recently reviewed MBLsthat exceeded the maximum loan-to-value of 80%.
The Kansas regulator said it also examined credit unions wherethe limitation of 15% of the credit union's net worth was notfollowed.
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