NCUA Adopts New Rule on TDRs

The NCUA has adopted a new final rule that clarifies reporting, requires new policies and requires data collection on modified loans, allowing credit unions to modify loans without having to characterize them as delinquent.

NCUA’s Rules for 40-Year Real Estate Loan Modifications

NCUA lending rules permit federal credit unions to make long-term mortgage loans but also set the limitations for real estate loans at 40 years. Credit unions must determine whether this limited lending time begins at origination or at modification.