The Law Library presents the complete text of the Member Business Loans - Commercial Lending (US National Credit Union Administration Regulation) (NCUA) (2018 Edition).
Updated as of May 29, 2018
As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) is amending its member business loans (MBL) rule to provide federally insured credit unions with greater flexibility and individual autonomy in safely and soundly providing commercial and business loans to serve their members. The final amendments modernize the regulatory requirements that govern credit union commercial lending activities by replacing the current rule's prescriptive requirements and limitations—such as collateral and security requirements, equity requirements, and loan limits—with a broad principles-based regulatory approach. As such, the amendments also eliminate the current MBL waiver process, which is unnecessary under a principles-based rule.
This ebook contains:
- The complete text of the Member Business Loans - Commercial Lending (US National Credit Union Administration Regulation) (NCUA) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure