Topic: Troubled Debt Restructuring (TDR)
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NCUA finalizes rule on capitalization of interest
NEWS: Meeting today, the NCUA Board adopted a final rule to let federally insured credit unions (FICUs) capitalize interest – in other words, to make additional advances to finance unpaid interest – […]
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#83004 – Wisconsin Open-End Credit Payment Waiver Agreement (Rev. 10/20)
Use for: WCUL Kwik-Cash or R.E.A.P.® Open-End line-of-credit agreements when governed by Wisconsin law. It allows the credit union and borrowers to agree to waive several payments and specify when […]
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#83004 – Wisconsin Open-End Credit Payment Waiver Agreement (Rev. 10/20)
Use for: WCUL Kwik-Cash or R.E.A.P.® Open-End line-of-credit agreements when governed by Wisconsin law. It allows the credit union and borrowers to agree to waive several payments and specify when […]
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B081 WCUL Loan Modification Agreement – Interest Rate and Payment Reduction
This release applies to all Wisconsin credit unions, state and federal. It describes and provides instructions for The League’s Loan Modification Agreement – Interest Rate and Payment Reduction form (WCUL […]
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#83003 – Loan Modification Agreement – Interest Rate and Payment Reduction (Rev. 5/20)
Use for: WCUL Closed-End Simple-Interest Loans when governed by Wisconsin law. It allows the credit union and borrowers to agree to a lower interest rate on a loan, with a […]
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#83003 – Loan Modification Agreement – Interest Rate and Payment Reduction (Rev. 5/20)
Use for: WCUL Closed-End Simple-Interest Loans when governed by Wisconsin law. It allows the credit union and borrowers to agree to a lower interest rate on a loan, with a […]
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New WCUL loan modification form helps lower rates without redisclosure
NEWS: The League is offering a new form for sale, the Loan Modification Agreement – Interest Rate and Payment Reduction, WCUL #83003 (Rev. 5/20). It allows the credit union and borrowers to […]
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New loan modification agreement accommodates extensions, deferrals, or re-amortization of WCUL notes
NEWS: The League now offers a new Wisconsin Simple Interest Loan Modification Agreement (#83002) to replace its Simple Interest Deferral Agreement. The new form offers three different repayment structures, to meet […]
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#83002 – Wisconsin Simple Interest Loan Modification Agreement (Rev. 4/20)
Use for: Modification of WCUL closed-end loan agreements where several installments are rescheduled. Repayment options include: Monthly payments in the original amount, with extension of the final payment due date. […]
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#83002 – Wisconsin Simple Interest Loan Modification Agreement (Rev. 4/20)
Use for: Modification of WCUL closed-end loan agreements where several installments are rescheduled. Repayment options include: Monthly payments in the original amount, with extension of the final payment due date. […]