Organization and Operations of Federal Credit Unions - Loan Participation, 12 CFR 701.22

OMB 3133-0141

OMB 3133-0141

NCUA Rules and Regulations, sections 701.22 and 741.225, outline the requirements for a loan participation program. FICUs are required to execute a written loan participation agreement with the lead lender. Additionally, the rule requires all FICUs to maintain a loan participation policy that establishes underwriting standards and maximum concentration limits. Credit unions may apply for waivers on certain key provisions of the rule.

The latest form for Organization and Operations of Federal Credit Unions - Loan Participation, 12 CFR 701.22 expires 2024-01-31 and can be found here.

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