---
kind: "section"
citation: "12 C.F.R. § 705.3"
title: "12"
number: "705.3"
heading: "Eligibility requirements."
url: "https://uscodex.org/cfr/12/705.3"
---

# §705.3. Eligibility requirements.


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:

- (a) Complete and submit an Application; and
- (b) 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

### 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.