Can Credit Unions Charge Interest on Charged Off Loans?

Can Credit Unions Charge Interest on Charged Off Loans?

From the NAFCU Compliance Blog

The compliance team has heard from several members lately about the rules regarding charged off loans and interest. The questions focus on whether credit unions are permitted to continue charging interest after a loan had been charged off. There are a few different ways to look at this issue, which are covered below.

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Can Credit Unions Charge Interest on Charged Off Loans? – Credit Union CollectionsNAFCUNAFCU

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