§705.3. Eligibility requirements.
12 C.F.R. § 705.3
To be eligible to receive a CDRLF award, in the form of either a loan or a technical assistance grant, a Qualifying Credit Union must, within the timeframes specified in any Notice of Funding Opportunity:
Complete and submit an Application; and
Meet the underwriting standards established by NCUA, including those pertaining to financial viability, as set forth in the Application and any related materials developed by NCUA.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1756, 1757(5)(D), and (7)(I), 1766, 1782, 1784, 1785 and 1786.
Source
Source: 76 FR 67587, Nov. 2, 2011, unless otherwise noted.