Legal Briefs

National Credit Union Administration (NCUA)

 The NCUA released the agenda for the Aug. 29, 2011, board meeting. One of the main items they will cover is the 2011 Temporary Corporate Credit Union Stabilization Fund Assessment.

Office of Foreign Assets Control (OFAC)

The OFAC SDN list was updated again. The previous update had been on Aug. 18, 2011.

Federal Housing Administration (FHA)

The FHA announced new loan limits to take effect on Oct. 1, 2011. The FHA will reduce loan limits in the highest-cost metropolitan areas from $729,750 to a new limit of $625,000. The standard limit for all other areas will remain unchanged at $271, 050.

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in NCUA.