Stakeholders Are Encouraged to Review Notice of Proposed Rulemaking and Submit Comments
Alexandria, VA (November 03, 2026) ― The National Credit Union Administration today announced two final rules and a proposed rule as part of the fourteenth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure they are focused on credit unions’ safety, soundness, and resilience. With today’s announcement, NCUA is requesting comments on one proposal that would eliminate an obsolete regulation in the Code of Federal Regulations.
The proposal includes:
12 CFR 723.9 – Transitional Provisions (Commercial Lending)
NPRM Summary
The NCUA Board (Board) is seeking public comments on an interim final rule that removes 12 CFR 723.9, an outdated transitional provision in the commercial lending regulation. The provision was adopted as part of the 2016 commercial lending rule to address credit unions operating under certain NCUA-approved waivers or supervisory actions during the transition to a principles-based regulatory framework. The Board has determined that the provision has served its purpose and is no longer necessary. Removing it would reduce regulatory complexity and improve the clarity of NCUA's regulations.
The two final rules NCUA announced are:
12 CFR Parts 702 and 723 – Treatment of Paycheck Protection Program Loans
The Board adopted a final rule that makes permanent the regulatory treatment of Paycheck Protection Program (PPP) loans that have been in place since April 27, 2020. These provisions were originally adopted during the COVID-19 pandemic to implement the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
12 CFR 701.39(a)(1) – Definitions Related to Statutory Liens
The Board also amended 12 CFR 701.39 by removing paragraph (a)(1), which defined the phrase "except as otherwise provided by law or except as otherwise provided by federal law." The Board determined that the definition was unnecessary because credit unions are already responsible for identifying and complying with applicable laws when exercising their statutory lien authority. This change does not affect a credit union's statutory lien authority or existing legal obligations.
Find a detailed summary for each proposal at https://ncua.gov/news/deregulation-project/.
Proposed Regulation Change | Obsolete Regulations | Overly Burdensome Requirements | Duplicative | Guidance |
|---|---|---|---|---|
| 12 CFR 701.39(a)(1) | ✔Yes | |||
| 12 CFR 723.9 | ✔Yes | |||
| 12 CFR Parts 702 and 723 | ✔Yes |
To submit comments, type or paste the docket numbers into the search on the Federal Rulemaking Portal.