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NCUA | RIN: 3133-AE94 | Publication ID: Spring 2021 |
Title: Rate Ceiling for Federal Credit Union Loans | |
Abstract:
The NCUA Board (Board) may issue an advance notice of proposed rulemaking to solicit comments on various issues related to the interest rate ceiling for loans granted by federal credit unions (FCUs). Specifically, the Board may solicit comments on: 1) The impact the statutory interest rate ceiling imposed by the Federal Credit Union Act has on FCUs; and 2) the methodologies the Board may use to set a temporary interest rate ceiling for FCUs, including a variable or floating rate. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 701.21(c)(7) | |
Legal Authority: 12 U.S.C. 1757(5)(A)(vi) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Justin Michael Anderson Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6556 Fax:703 518-6569 Email: janderson@ncua.gov |