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Overview of Final Rule

Overview of Final Rule

Except for reconsidering the proposed treatment of this limit in the range PAL loans in a rolling 6-month duration, the Board is adopting the PALs II framework mostly as proposed when you look at the PALs II NPRM. Certain requirements for PALs II loans would be lay out in an innovative new paragraph associated with the NCUA’s basic financing rule, В§ 701.21(c)(7)(iv).

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