12 CFR 705.3
§ 705.3 Eligibility requirements.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 705.3, § 705.3 Eligibility requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48489
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Full text
To be eligible to receive a CDRLF award, in the form of either a loan or a technical assistance grant, a Qualifying Credit Union must, within the timeframes specified in any Notice of Funding Opportunity:
(a) Complete and submit an Application; and
(b) Meet the underwriting standards established by NCUA, including those pertaining to financial viability, as set forth in the Application and any related materials developed by NCUA.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.