ALEXANDRIA, Va. (12/11/14)--The final National Credit Union Administration board meeting of the year has a light agenda, highlighted by consideration of the agency's final rule on appraisal exemptions.
The proposal, supported by the Credit Union National Association, would change availability requirements of appraisals.
Specifically, it would eliminate the requirement that federal credit unions make available a copy of an appraisal used along with a member's loan application and require that the appraisal be available for 25 months after the applicant has received notice of the action taken by the credit union.
A request for comment on the agency's Economic Growth and Regulatory Paperwork Reduction Act review and a look at the 2015 Corporate Stabilization Fund Oversight budget are the other items on the agenda.
The meeting is scheduled to begin at 10 a.m. (ET), and a video recording of the meeting will be posted to the agency's website in the coming weeks.
The NCUA board's next meeting, scheduled for Jan. 11, is expected to have the agency's revised risk-bsaed capital proposal on the agenda.