As part of NCUA’s Regulatory Modernization Initiative, the NCUA Board amends its member business loan (MBL) rule (Part 723) 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 rule modernizes the regulatory requirements that govern credit union commercial lending activities by replacing the current rule's prescriptive requirement and limitations with a broad principles-based regulatory approach.
The latest form for 12 CFR Part 723, Member Business Loans; Commercial Lending expires 2023-06-30 and can be found here.
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Supporting Statement A |
Supplementary Document |
Federal Enterprise Architecture: Economic Development - Financial Sector Oversight