The National Credit Union Administration (NCUA) Board recently issued a proposed rule that would remove the prohibition on capitalization of interest in connection with loan workouts and modifications. NAFCU’s Regulatory Alert on the proposed rule provides all the details you need to better understand the rule and help us provide useful feedback to NCUA as to whether this rule strikes the correct balance of helpful but not too burdensome.
NCUA Proposes to Allow Capitalization of Interest on Loan Modifications – Credit Union Collections – Credit Union Collectors – Home | National Credit Union Administration (ncua.gov)
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