![]() ![]()  However, NCUA staff did indicate at the Board meeting that credit unions would have a reasonable amount of time to update their posters. Timing? The changed rule became effective immediately - March 21, 2012. Technically, Federal Credit Unions could use either NCUA's poster of the HUD poster - but it makes much more sense to use the NCUA specific language with the new updated address for the Office of Consumer Protection. Posters containing the logotype and language appearing in paragraph (d)(3) of this section may be obtained from the regional offices of the National Credit Union Administration."  (emphasis added). The notice must incorporate either a facsimile of the logotype and language appearing in paragraph (d)(3) of this section or the logotype and language appearing at 24 CFR 110.25(a). The notice must be placed in the public lobby of the credit union and in the public area of each office where such loans are made and must be clearly visible to the general public. "(2) Lobby notice of nondiscrimination. Every federal credit union that engages in real estate-related lending must display a notice of nondiscrimination. 701.31 indicates NCUA's poster requirement only applies to federal credit unions - here is from Subsection (d)(2): Note:  NCUA did not make the distinction in their technical corrections but the existing language of 12 C.F.R.  State-chartered credit unions should look to the HUD's Equal Housing Poster in 24 C.F.R.  Part 701.31 only applies to federal credit unions.  The language for the updated poster can be found here.įederal Credit Unions. 701.31(d)(3) should be updated in the next couple of days.  This rule change was included in the Federal Register yesterday and the Electronic Code of Federal Regulations for 12 C.F.R.  In the past, the address was the Office of Examination & Insurance but it should now be NCUA's Office of Consumer Protection.  NCUA amended Part 701.31(d)(3) of their regulations to update the address that Federal Credit Unions are required to have on their posters.  One of these changes provides clarity for Federal Credit Unions in an area full of confusion since the creation of NCUA's Office of Consumer Protection:  the address required on the Equal Housing Lender poster.Įqual Housing Poster. Last Thursday, the NCUA Board approved a couple of Technical Corrections at their March Board Meeting. ![]()
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