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Sisällön tarjoaa Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc.. Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc. tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
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Capitalization of Unpaid Interest: A Letter to Credit Unions

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Manage episode 408918305 series 3543943
Sisällön tarjoaa Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc.. Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc. tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

Connect with us on LinkedIn.

https://www.linkedin.com/in/mark-treichel/

Understanding NCUA's Capitalization of Unpaid Interest Regulation

This episode of Samantha Shares delves into the NCUA's letter to credit unions (23CU07), detailing the Capitalization of Unpaid Interest. It explains the unanimous vote by the NCUA Board on June 24, 2021, to allow interest capitalization in loan workouts and modifications, effective from July 30, 2021. The regulation aims to help borrowers facing financial hardships by offering various modification options like lowering payments, extending maturity dates, and capitalizing interest, ensuring these modifications are conducted under safe and sound lending practices. It emphasizes consumer protection, adherence to documentation requirements, and considerations for credit risk. The podcast also covers Q&A on loan modification policies, determining borrower's repayment ability, required disclosures, and acceptable methods for interest capitalization. Sponsored by Credit Union Exam Solutions Inc.,

00:00 Welcome to Samantha Shares: NCUA Letter Overview
00:17 Sponsor Shoutout and Additional Resources
00:46 Diving Into the NCUA Letter: Capitalization of Unpaid Interest
02:23 Consumer Protection and Credit Risk Considerations
04:05 Q&A: Understanding Loan Modification Policies
07:30 Concluding Remarks and Contact Information

  continue reading

32 jaksoa

Artwork
iconJaa
 
Manage episode 408918305 series 3543943
Sisällön tarjoaa Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc.. Credit Union Exam Solutions by Mark Treichel and Credit Union Exam Solutions Inc. tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

Connect with us on LinkedIn.

https://www.linkedin.com/in/mark-treichel/

Understanding NCUA's Capitalization of Unpaid Interest Regulation

This episode of Samantha Shares delves into the NCUA's letter to credit unions (23CU07), detailing the Capitalization of Unpaid Interest. It explains the unanimous vote by the NCUA Board on June 24, 2021, to allow interest capitalization in loan workouts and modifications, effective from July 30, 2021. The regulation aims to help borrowers facing financial hardships by offering various modification options like lowering payments, extending maturity dates, and capitalizing interest, ensuring these modifications are conducted under safe and sound lending practices. It emphasizes consumer protection, adherence to documentation requirements, and considerations for credit risk. The podcast also covers Q&A on loan modification policies, determining borrower's repayment ability, required disclosures, and acceptable methods for interest capitalization. Sponsored by Credit Union Exam Solutions Inc.,

00:00 Welcome to Samantha Shares: NCUA Letter Overview
00:17 Sponsor Shoutout and Additional Resources
00:46 Diving Into the NCUA Letter: Capitalization of Unpaid Interest
02:23 Consumer Protection and Credit Risk Considerations
04:05 Q&A: Understanding Loan Modification Policies
07:30 Concluding Remarks and Contact Information

  continue reading

32 jaksoa

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