{"id":"AGY-FED-FINANCIAL-038","kind":"context","level":"federal","jurisdiction":"United States; National Credit Union Administration (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"NCUA","authority":"12 U.S.C. § 1766(a)","instrument":"Letter to Credit Unions 20-CU-13","title":"Working with Borrowers Affected by the COVID-19 Pandemic","dateIssued":"2020-04-01","effective":"2020-04-07 (date of the revised interagency statement it transmits)","end":"Not rescinded within the period","startDate":"2020-04-07","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["federally insured credit unions"],"clause":"As a reminder, the NCUA encourages credit unions to work with impacted borrowers. NCUA examiners will not criticize a credit union\u0027s efforts to provide prudent relief for borrowers when such efforts are conducted in a reasonable manner with proper controls and management oversight.... [The letter transmits the] revised Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus [and] describes how credit unions should monitor and report loan modifications.","enforcement":"Supervisory; CARES Act § 4013","functions":["SV servicing and modifications","CL","ML","BL","CB"],"notes":"Credit-union counterpart of Ex. 015","sourceUrl":"https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/working-borrowers-affected-covid-19-pandemic","snapshot":"https://web.archive.org/web/2021/https://www.ncua.gov/regulation-supervision/letters-credit-unions-other-guidance/working-borrowers-affected-covid-19-pandemic","fileExists":true,"fileBytes":502052,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-038","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-038","citation":"NCUA, Letter to Credit Unions 20-CU-13 (Apr. 1, 2020) (Ex. AGY-FED-FINANCIAL-038)","stateName":"","related":["AGY-FED-FINANCIAL-034","AGY-FED-FINANCIAL-037","AGY-FED-FINANCIAL-103","AGY-FED-FINANCIAL-035","AGY-FED-FINANCIAL-033","AGY-FED-FINANCIAL-036","AGY-FED-FINANCIAL-031","AGY-FED-FINANCIAL-032","AGY-FED-FINANCIAL-043","AGY-FED-FINANCIAL-042","AGY-FED-FINANCIAL-046"]}