Bankowość i finanse · 26/06/2014

NCUA Proposes Revisions to Appraisal Regulations for Credit Unions

The NCUA Board is proposing to revise two of its regulations regarding appraisals for federal credit unions, aligning with the Consumer Financial Protection Bureau's recent amendment requiring free appraisal copies for loan applications, and expanding an exemption for refinancing or modifying existing credit union loans without an appraisal if no new funds are advanced.