NCUA Opinion Addresses Pre-approved CUSO Activity
Tuesday, 13 December 2011 09:19

A federal credit union may invest in a credit union service organization (CUSO) established solely to act as a corporate trustee on deeds of trust for real estate loans made by another CUSO of the credit union. It also is permissible for a CUSO to form a subsidiary to function as the corporate trustee for its own real estate loans, said a National Credit Union Administration legal opinion letter.  More

 

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