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Friday, January 27, 2012
NCUA proposes eased TDR reporting | NAFCU
The rule would allow credit unions to report TDRs based on their original contract terms, removing the current requirement that TDRs are reported as delinquent for six months based on the original contract terms. In addition, credit unions will not need to maintain TDRs in nonaccrual status until they receive six consecutive payments. NAFCU has persistently sought for some time to mitigate the burden that each of these two current requirement pose for credit unions. **** Read More At; NCUA proposes eased TDR reporting NAFCU
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