12 CFR 713.7 - May the NCUA Board require a federally insured credit union to secure additional insurance coverage?

Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 713 [§ 713.1 - § 713.7]

§ 713.7 - May the NCUA Board require a federally insured credit union to secure additional insurance coverage?

The NCUA Board may require additional coverage when the NCUA Board determines that a federally insured credit union's current coverage is inadequate. The federally insured credit union must purchase this additional coverage within 30 days.

[84 FR 35525, July 24, 2019]

authority: 12 U.S.C. 1761a,1761b,1766,1766,1789

source: 64 FR 28720, May 27, 1999, unless otherwise noted.

cite as: 12 CFR 713.7