StacksVerified U.S. regulatory reference

12 CFR §705.3

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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:
  1. (a)Complete and submit an Application; and
  2. (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.