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Member Business Lending
Under NCUA’s member business lending (MBL) rule, the NCUA Board may exempt federally
insured, state-chartered credit unions from compliance with the NCUA MBL rule if
the Board determines the state has developed an MBL rule that minimizes risk and
accomplishes the overall objectives of NCUA’s rule. 12 CFR 723.20. There are
six state MBL rules currently approved. Cites and links to each of these rules
are set forth below:
Washington:
WASH. ADMIN. CODE §208-460-010, et. seq.
http://apps.leg.wa.gov/wac/default.aspx?Cite=208-460
Texas:
7 TEX.ADMIN. CODE §91.709
http://info.sos.state.tx.us/pls/pub/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&p_tloc=&p_ploc=&pg=1&p_tac=&ti=7&pt=6&ch=91&rl=709
Wisconsin:
WIS. ADMIN. CODE §72.01-.18
http://nxt.legis.state.wi.us/nxt/gateway.dll?f=templates&fn=default.htm&vid=WI:Default&d=code&jd=ch.%20dfi-cu%2072
Connecticut: CONN.GEN.STAT. §36a-458a (2007)
http://www.ct.gov/dob/cwp/view.asp?a=2240&q=314730.
Oregon: OR. ADMIN.
R. §441-720-0300, et seq.
http://arcweb.sos.state.or.us/rules/OARS_400/OAR_441/441_720.html
Maryland: MD. REGS. CODE tit. 9, §09.03.01.14
http://www.dsd.state.md.us/comar/09/09.03.01.14.htm
To receive NCUA’s approval, a state supervisory authority must submit its rule to
the NCUA regional office. After reviewing the rule, the region will forward the
request to the NCUA Board for a final determination.