# Organization and Operation of Federal Credit Unions; Appraisals; Member Business Loans; and Requirements for Insurance
> **US National Credit Union Administration** · Interim final rule with request for comments. · Published 1998-09-29 · Effective 1998-09-29 · 63 FR 51793
## Document
- **Document number:** 98-25959
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 63 FR 51793
- **CFR reference:** 12 CFR 701
- **Publication date:** 1998-09-29
- **Effective date:** 1998-09-29
## Abstract

The NCUA is updating, clarifying and streamlining its existing rules concerning member business loans and appraisals for federally insured credit unions, as well as implementing recent statutory limitations regarding member business loans. The intended effect of this rule is to reduce regulatory burden, maintain safety and soundness, and provide an exception for qualifying credit unions from the statutory aggregate limit on a credit union's outstanding member business loans.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/09/29/98-25959/organization-and-operation-of-federal-credit-unions-appraisals-member-business-loans-and)
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