Lending.

CFR · 2024-01-01 · US · Title 12

(a) (1) Loan types and limits; (2) Required documentation and collateral; and (3) Analysis and monitoring standards. (b) (c) (ii) The maximum aggregate amount in secured loans (excluding those secured by shares or marketable securities and member reverse repurchase transactions) and unsecured loans (excluding pass-through and guaranteed loans from the CLF and the NCUSIF) and lines of credit from a corporate credit union to any one member credit union must not exceed 150 percent of the corporate credit union's total capital. (2) (3) (d) (2) (e) (1) Member credit unions are exempt from part 723 of this chapter; (2) CUSOs are not subject to part 723 of this chapter. (3) Other members not excluded under § 723.1(b) of this chapter must comply with part 723 of this chapter unless the loan or line of credit is fully guaranteed by a credit union or fully secured by U.S. Treasury or agency securities. Those guaranteed and secured loans must comply with the aggregate limits of § 723.8 but are exempt from the other requirements of part 723. (f) (g)

official document · source cfr-2024 · id 12:§ 704.7