12 CFR 705.3 - Eligibility requirements.

Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 705 [§ 705.1 - § 705.10]

§ 705.3 - Eligibility requirements.

To be eligible to receive a CDRLF award, in the form of either a loan or a technical assistance grant, a Qualifying Credit Union must, within the timeframes specified in any Notice of Funding Opportunity:

(a) Complete and submit an Application; and

(b) Meet the underwriting standards established by NCUA, including those pertaining to financial viability, as set forth in the Application and any related materials developed by NCUA.

authority: 12 U.S.C. 1756,1757,and,1766,1782,1784,1785

source: 76 FR 67587, Nov. 2, 2011, unless otherwise noted.

cite as: 12 CFR 705.3