TITLE 12 - BANKS AND BANKING

CHAPTER VII - NATIONAL CREDIT UNION ADMINISTRATION

SUBCHAPTER A - REGULATIONS AFFECTING CREDIT UNIONS

PART 723 - MEMBER BUSINESS LOANS

723.10 - What waivers are available?

You may seek a waiver for a category of loans in any of the following areas: (a) Appraisal requirements under 722.3; (b) Aggregate construction and development loans limits under 723.3(a); (c) Minimum borrower equity requirements for construction and development loans under 723.3(b); (d) Loan-to-value ratio requirements for business loans under 723.7(a); (e) Requirement for personal liability and guarantee under 723.7(b); (f) Maximum unsecured business loans to one member or group of associated members under 723.7(c)(2); (g) Maximum aggregate unsecured member business loan limit under 723.7(c)(3); and (h) Maximum aggregate net member business loan balance to any one member or group of associated members under 723.8.

[68 FR 56552, Oct. 1, 2003, as amended at 69 FR 62565, Oct. 27, 2004]