# Alternatives to the Use of Credit Ratings
> **US National Credit Union Administration** · Final rule. · Published 2012-12-13 · Effective 2013-06-11 · 77 FR 74103
## Document
- **Document number:** 2012-30076
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 77 FR 74103
- **CFR reference:** 12 CFR 703
- **Publication date:** 2012-12-13
- **Effective date:** 2013-06-11
## Abstract

NCUA is issuing a final rule to implement certain statutory requirements in Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) pertaining to the use of credit ratings to assess creditworthiness. The final rule removes references to credit ratings in NCUA regulations or replaces them with other appropriate standards of creditworthiness as required by the Dodd-Frank Act.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/12/13/2012-30076/alternatives-to-the-use-of-credit-ratings)
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