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Chartering, 2nd Mortgage Rules Slated
December 11, 2009
ARLINGTON, Va., Dec. 11 -- The National Association of Federal Credit Unions issued the following news release:

The NCUA Board is poised to release proposed revisions to the agency's chartering rules and to finalize a current, interim rule allowing an exception to maturity limits on second mortgages during its Dec. 17 open meeting.

The chartering proposal is expected to provide for easier-to-follow requirements on credit union requests for community charters. NCUA C . . .

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