Topic: Business Loans and Member Business Loans
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Wis. Admin. Code: DFI-CU 72.04
Member Business Loans (State-chartered credit unions) 72.04 Construction and development loans.
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NCUA: Legal Opinion Letter, October 16, 2000. Aggregate Member Business Loan Limit and SBA Guaranteed Loans
Because the SBA-guaranteed portion of a loan is not included in calculating whether the $50,000 threshold is met, in the NCUA’s definition of a Member Business Loan, it also will […]
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NCUA: Legal Opinion Letter No. 08-0132 – Reclassifying Construction and Development Loans (March 17, 2008)
Credit unions may reclassify a C&D loan as an MBL when the level and kind of risks for which those limits are in place are no longer present, meaning, if […]
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DFI: “Search Entity Records by Name” page. Wisconsin Department of Financial Institutions – Corporations Section
This website is a valuable tool for credit unions underwriting organization. The website identifies Wisconsin (and some non-Wisconsin) corporations (stock and non-stock) LLCs, LPs, LLPs, stock cooperatives, membership cooperatives. Use […]
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B060 Overview of Revised Uniform Commercial Code Article 9
This release provides an overview of Revised Article 9 and applies to all state and federal credit unions in Wisconsin. It describes recent revisions to Article 9 of the Uniform […]
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B053 Real Estate Mortgage Lending
This release describes the requirements of Wis. Admin. Code Ch. DFI-CU 54 (effective November 1, 1997), with cross-references to other regulations. Although federal credit unions are not subject to the […]
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B052 Participation Loans
This release applies to all state or federal credit unions which originate, or buy interests in, participation loans. It describes the requirements of NCUA Rules and Regulations Part 701.22, which […]
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B045 Disposition of Collateral After Default Under § 409.610, Wis. Stats.
This release applies to all credit unions, state and federal. Section 409.610 gives credit unions a great deal of flexibility in disposing of collateral. The purpose of this flexibility is […]
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B041 Reg. B – Equal Credit Opportunity
This release describes the federal nondiscrimination law that applies to both consumer and business loans. This release provides a general overview of Reg. B. General Rules (§ 202.4) Taking the […]