DCBS Oregon Real Property

 

DCBS Oregon Real Property Rule

Executive Summary

In a letter sent June 27, 2013, during the initial comment period on Unimproved Real Property Held for Future Expansion : Increase From 3 Years to 6 Years; Amending OAR 441-710-0270, the Northwest Credit Union Association urged DCBS to change the rule and allow state chartered credit unions six years rather than three, to partially occupy unimproved land when acquired for future expansion. The current process, even with a waiver system, is burdensome. This rule will provide relief to state charters by lowering the cost of facilities long term in a commercial real estate market that favors purchasers. The rule creates parity between federally and state chartered credit unions without adding an additional compliance burden.

 

 Download the NWCUA Comment Letter

Posted in Article Post.