IC_MSR as Permissible Investments for State Charter CU

National Credit Union Administration

OMB No. 3133-0188

NCUA requests fast track approval to provide the following survey via email to the state regulator members of NASCUS.

The National Credit Union Administration (NCUA) is requesting the following information regarding whether state-chartered credit unions in your state have the authority to purchase mortgage servicing rights (MSRs) from other entities. Your response is strictly voluntary.

1. Does your state allow credit unions to purchase MSRs? (YES/NO)

2. If yes, please provide the legal authority or citation in your state law that allows this activity.

3. If state-chartered credit unions can purchase MSRs from other entities, what, if any, restrictions or conditions are placed on this activity?

4. Are there other issues NCUA should consider in evaluating issues related to MSR authority?

Please return your response by _______________, 2021.

Paperwork Reduction Act Statement: The estimated average burden associated with this information collection is 6 minutes per respondent. Comments concerning the accuracy of this burden estimate and suggestions for reducing it should be address to the National Credit Union Administration, OGC-IAL, ATTN: PRA Clearance Officer, 1775 Duke Street, Alexandria, Virginia 22314. An agency may not conduct or sponsor, and a person is not required to respond to, an information collection unless it displays a valid OMB control number. This survey is approved under OMB No. 3133-0188.