§ 459 — Allowance for loan loss

§ 459. Allowance for loan loss. An allowance for loan loss account\nshall be established and maintained in an amount that represents the\ncurrent estimated loss on loans. The allowance for loan loss account\nrequirement shall be computed and adjusted, through the provision for\nloan loss account, prior to the payment of dividends.\n The calculation of this account shall be in accordance with the rules\nestablished by the National Credit Union Administration.\n