On June 20, the NCUA published its final rule regarding loan participations. The rule became effective July 25. The final rule applies to both federal credit unions and federally insured State chartered credit unions that purchase loan participations.
The amendments reorganize the loan participation rule and focus on the purchase side of loan participation transactions. The amendments make it easier to understand NCUA’s regulatory requirements for loan participations.
The final rule as published in the Federal Register can be found here.