Event Details
Event Name: | NCUA Payday Alternative Loan 2 (PAL II) |
Date: | December 2, 2019 |
Start Time: | All Day Event |
Duration: | 1 day |
Description: | The NCUA revised their rules to allow for an additional payday alternative loan (PAL) to be offered to members. This PAL loan is in addition to the existing PAL loan covered under NCUA regulations Part 701. In addition to other components, the principal amount of this loan is up to $2,000, with a maximum loan term of up to 12 months (minimum of 1 month), with no requirement for length of membership.
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