NEWS: Wisconsin’s amended member business loan (MBL) rules took effect on June 1. The amendments introduced a new MBL definition and significantly expanded the list of loan types that are exempt from that definition.
This session will cover how these new rules will be applied, based on conversations The League has had with the Office of Credit Unions and the DFI’s Chief Legal Counsel. The discussion will be led by The League’s Paul Guttormsson, SVP & General Counsel, and Patrick Rees, Director of Commercial Lending from Reach Business Lenders. You can register here for this webinar, which takes place tomorrow, Oct 14 at 10:30 a.m.
This is a free webinar available to all League members.
The League’s ii Release No. B027 – “Business Loans” will be updated to reflect the changes in state law.