COVID-19, real estate appraisal relief on NCUA’s April 16 agenda

on 8:41 AM

The NCUA board will discuss coronavirus disease (COVID-19) and real estate appraisal relief at its April 16 board meeting. The meeting will be open via live audio webcast only, and is scheduled to begin at 10 a.m. (ET). A link to the stream will be posted on NCUA.gov.

According to the agenda, the board will vote on a Temporary Final Rule related to “Regulatory Relief in Response to the COVID-19 Pandemic.” CUNA has written to NCUA several times in recent weeks with suggestions to help credit unions increase service to members and businesses impacted by the COVID-19 outbreak.

Other items on the agenda include:

  • Board briefing on an Interim Final Rule on the Central Liquidity Facility. The CARES Act expands the CLF, which serves as a liquidity lender for credit unions experiencing shortfalls;
  • Interim Final Rule on real estate appraisal relief;
  • Final Rule on real estate appraisal thresholds. CUNA has called on NCUA to quickly finalize the proposed rule issued in November 2019, which would raise the threshold to $400,000.

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