Comments Due to NAFCU: NCUA - Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts

Important Regulatory Dates Add to Calendar 2022-09-26 17:00:00 2022-09-26 17:00:00 Comments Due to NAFCU: NCUA - Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts NAFCU would like to highlight the following: The proposed policy statement, if finalized, will supersede the Federal Financial Institutions Examination Council’s (FFIEC) October 2009 Policy Statement on Prudent Commercial Real Estate Loan Workouts. In addition to providing updated guidance on loan workouts, the proposed policy statement includes a new section on short-term loan accommodations and reflects post-2009 changes in generally accepted accounting principles (GAAP), including the current expected credit losses (CECL) methodology. The agencies intend for the proposed policy statement to promote supervisory consistency among examiners and ensure supervisory policies do not inadvertently curtail sound commercial borrowers’ access to credit. Comments due to NAFCU: September 26, 2022 Comments due to NCUA: October 3, 2022 Comment now   NAFCU will send comments on behalf of its members to the NCUA by its deadline (October 3, 2022). Location NAFCU digital@nafcu.org America/New_York public

NAFCU would like to highlight the following:

  • The proposed policy statement, if finalized, will supersede the Federal Financial Institutions Examination Council’s (FFIEC) October 2009 Policy Statement on Prudent Commercial Real Estate Loan Workouts.
  • In addition to providing updated guidance on loan workouts, the proposed policy statement includes a new section on short-term loan accommodations and reflects post-2009 changes in generally accepted accounting principles (GAAP), including the current expected credit losses (CECL) methodology.
  • The agencies intend for the proposed policy statement to promote supervisory consistency among examiners and ensure supervisory policies do not inadvertently curtail sound commercial borrowers’ access to credit.

Comments due to NAFCU: September 26, 2022

Comments due to NCUA: October 3, 2022

Comment now  

NAFCU will send comments on behalf of its members to the NCUA by its deadline (October 3, 2022).