NCUA released guidance on the new member business lending (MBL) rules, which go into effect in January. The guidance is incorporated into the NCUA’s new online Examiner’s Guide.
Letter to credit unions 16-CU-11 states “Guidance that elaborates on the principles of sound commercial lending reflected in revised Part 723, along with those addressing the statutory cap on member business loans, has been incorporated into the new online Examiners Guide. This material will help credit unions understand NCUA’s supervisory expectations for sound commercial risk-management practices.”
The guidance provides information for both state and federal charted credit unions. State chartered credit unions should refer to their own state’s requirements and/or guidance as well.
