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News (CompliancePro Blog)

NCUA Amends Its Loan Participation Rule and Expands the Rule's Coverage to All Federally Insured Credit Unions

The NCUA has long had a “loan participation” rule that specifies when a credit union can, through a loan participation agreement, purchase an interest in a loan that it did not originate.  The rule places limits not only on what type of originators a credit union can do business with, but also... More