# Exception to the Maturity Limit on Second Mortgages
> **US National Credit Union Administration** · Final rule. · Published 2009-12-24 · Effective 2009-12-24 · 74 FR 68369
## Document
- **Document number:** E9-30435
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 74 FR 68369
- **CFR reference:** 12 CFR 701
- **Publication date:** 2009-12-24
- **Effective date:** 2009-12-24
## Abstract

On June 24, 2009, the NCUA published an interim final rule amending its lending rules to create a limited exception to the 20-year maturity limit on second mortgage loans. The amendment will permit Federal credit unions participating in the Department of the Treasury's Making Home Affordable Program to modify a second mortgage loan, beyond 20 years, to match the term of a modified first mortgage loan. This rule confirms those amendments as final without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2009/12/24/E9-30435/exception-to-the-maturity-limit-on-second-mortgages)
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