National Credit Union Administration February 24, 2005 – Federal Register Recent Federal Regulation Documents

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Joint Guidance on Overdraft Protection Programs

Document Number: 05-3499

Type: Notice

Date: 2005-02-24

Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Comptroller of the Currency

The OCC, Board, FDIC, and NCUA (the Agencies), are issuing final Joint Guidance on Overdraft Protection Programs (guidance). This guidance is intended to assist insured depository institutions in the responsible disclosure and administration of overdraft protection services.

https://regulations.justia.com/regulations/fedreg/2005/02/24/05-3499.html

Loans to Members and Lines of Credit to Members

Document Number: 05-3477

Type: Rule

Date: 2005-02-24

Agency: National Credit Union Administration, Agencies and Commissions

NCUA is amending three subsections of its lending rule and this final rule clarifies: the conditions for applying the rule to loans secured by mobile homes, recreational vehicles, house trailers and boats; that loans secured by manufactured homes may be considered residential real estate loans; and that loans with a partial government guarantee, insurance, or advance commitment to purchase a portion of a loan fall within the rule. The changes incorporate legal interpretations previously issued by its Office of General Counsel (OGC) regarding permissible maturities for certain types of loans and the effect of partial government guarantees. The NCUA Board is making these changes because it believes it is helpful to federal credit unions (FCUs) and others that may consult NCUA regulations to incorporate these interpretations as part of the rule itself rather than having them stated separately in OGC legal opinions.

https://regulations.justia.com/regulations/fedreg/2005/02/24/05-3477.html