Unified Agenda


NATIONAL CREDIT UNION ADMINISTRATION (NCUA)


NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Ch. VII

Semiannual Regulatory Agenda

AGENCY:

National Credit Union Administration (NCUA).

ACTION:

Semiannual regulatory agenda.

SUMMARY:

Pursuant to its ongoing policy of reviewing regulations, NCUA is publishing a list of current and projected rulemakings, reviews of existing regulations, and completed actions as of February 15, 2002, to be included in the Unified Agenda of Federal Regulatory and Deregulatory Actions.

DATES:

This information is current as of February 15, 2002.

ADDRESSES:

National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428.

FOR FURTHER INFORMATION CONTACT:

For each regulation listed, the person(s) named in the listing, at the above address, unless otherwise noted, or listed telephone number.

SUPPLEMENTARY INFORMATION:

The purpose of this agenda is to enable credit unions and the public to follow regulatory development and review at NCUA, and participate in that process more effectively. Entries for the agenda appear in one of five possible categories: prerule stage; proposed rule stage; final rule stage; long-term actions; or completed actions.

The agenda is published pursuant to NCUA Interpretive Ruling and Policy Statement Number 87-2, "Developing and Reviewing Government Regulations," 54 FR 35231, (September 18, 1987), which sets out NCUA's policy and procedures for developing and reviewing its regulations. NCUA's policy is to ensure that its regulations impose only minimum required burdens on credit unions, consumers, and the public; are appropriate for the size of the financial institutions it regulates; are issued only after full public participation; and are clear and understandable. Further, NCUA undertakes to review all regulations every three years to clarify and simplify existing regulations and eliminate redundant and unnecessary provisions.

Executive Order 12866, signed by President Clinton on September 30, 1993, requires independent executive agencies such as NCUA to publish a regulatory agenda.
Approved by the NCUA Board on March 13, 2002.

Becky Baker, Secretary of the Board.

National Credit Union Administration—Proposed Rule Stage
Sequence Number Title Regulation Identification Number
3927 Corporate Credit Unions3133-AC28
3928 Requirements for Insurance3133-AC33
3929 Credit Practices3133-AC34
3930 Investment and Deposit Activities3133-AC49
3931 Consumer Protections for Federally Insured Credit Unions' Sale of Nondeposit Investments3133-AC56
3932 Nondiscrimination in Federally Assisted Programs3133-AC59
3933 Prompt Corrective Action3133-AC60
3934 Share Insurance and Appendix3133-AC65
3935 Advertising3133-AC67

National Credit Union Administration—Final Rule Stage
Sequence Number Title Regulation Identification Number
3936 OMB Control Numbers3133-AC52
3937 Truth in Savings3133-AC57
3938 Federal Credit Union Chartering, Field of Membership Modification and Conversions3133-AC63
3939 Organization and Operations of Federal Credit Unions — Benefits for Employees of Federal Credit Unions3133-AC64
3940 Federal Credit Union Chartering, Field of Membership Modifications, and Conversions3133-AC66

National Credit Union Administration—Long-Term Actions
Sequence Number Title Regulation Identification Number
3941 Eligible Obligations — Conflict of Interest Provision3133-AC51
3942 Bank Secrecy Act Compliance Programs and Procedures3133-AC62

National Credit Union Administration—Completed Actions
Sequence Number Title Regulation Identification Number
3943 Regulatory Flexibility and Exemption Program3133-AC38
3944 Requirements for Insurance3133-AC46
3945 Definitions and Technical Amendments3133-AC53
3946 Reimbursement, Insurance, and Indemnification of Officials and Employees3133-AC54
3947 Loan Interest Rates3133-AC61


National Credit Union Administration (NCUA)

Proposed Rule Stage

 


3927. CORPORATE CREDIT UNIONS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority:

12 USC 1762; 12 USC 1766(a); 12 USC 1781; 12 USC 1789

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 704

Legal Deadline:

None

Abstract:

NCUA requested public comment on revisions to the rule governing corporate credit unions. As part of its regulatory review process, NCUA has identified provisions for further clarification or revision. Comments on these issues will assist NCUA in its regulatory review process.

Timetable:
Action Date FR Cite
ANPRM 07/28/99 64 FR 40787
ANPRM Comment Period End 11/26/99
Second ANPRM 11/22/00 65 FR 70319
Second ANPRM Comment Period End 02/20/01
NPRM 09/21/01 66 FR 48742
NPRM Comment Period End 12/20/01
Second NPRM 06/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Mary F. Rupp, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Email: maryr@ncua.gov

RIN:

3133-AC28

3928. REQUIREMENTS FOR INSURANCE

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1756 to 1757; 12 USC 1757A; 12 USC 1766; 12 USC 1785; 12 USC 1781

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 741

Legal Deadline:

None

Abstract:

NCUA solicited public comment on whether NCUA should adopt a regulation that would restrict the insurance coverage for state-chartered credit unions that open branches outside the United States.

Timetable:
Action Date FR Cite
ANPRM 09/14/00 65 FR 55464
ANPRM Comment Period End 11/13/00
NPRM 06/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

Undetermined

Federalism:

Undetermined

Agency Contact:

Michael J. McKenna, Senior Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov

RIN:

3133-AC33

3929. CREDIT PRACTICES

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

15 USC 57a; 15 USC 1681b

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 706

Legal Deadline:

None

Abstract:

NCUA issued a proposed regulation under the Fair Credit Reporting Act that addresses the sharing of opt-out information between Federal credit unions and their affiliates. NCUA intends to issue a second proposal for comment.

Timetable:
Action Date FR Cite
NPRM 10/26/00 65 FR 64168
NPRM Comment Period End 12/26/00
Second NPRM 07/00/02

Regulatory Flexibility Analysis Required:

No

Government Levels Affected:

None

Agency Contact:

Chrisanthy J. Loizos, Staff Attorney, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6567
Fax: 703 518-6569
Email: cloizos@ncua.gov

RIN:

3133-AC34

3930. INVESTMENT AND DEPOSIT ACTIVITIES

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1757(7); 12 USC 1757(8); 12 USC 1757(15)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 703

Legal Deadline:

None

Abstract:

The advanced notice of proposed rulemaking solicited comments on how to update and clarify NCUA's investment and deposit activities rules.

Timetable:
Action Date FR Cite
ANPRM 10/26/01 66 FR 54168
ANPRM Comment Period End 01/24/02
NPRM 12/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Frank S. Kressman, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov

RIN:

3133-AC49

3931. CONSUMER PROTECTIONS FOR FEDERALLY INSURED CREDIT UNIONS' SALE OF NONDEPOSIT INVESTMENTS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

NCUA is proposing regulations to ensure that the sale to members of all nondeposit investments through various types of arrangements is done in a safe and sound manner.

Timetable:
Action Date FR Cite
NPRM 06/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Mary F. Rupp, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Email: maryr@ncua.gov

RIN:

3133-AC56

3932. NONDISCRIMINATION IN FEDERALLY ASSISTED PROGRAMS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Unfunded Mandates:

Undetermined

Legal Authority:

42 USC 2000d et seq; 29 USC 793; 42 USC 6101 et seq

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

The purpose of this rule is to implement Federal statutes that prohibit credit unions that receive Federal financial assistance from discrimination on certain bases.

Timetable:
Action Date FR Cite
NPRM 12/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Paul M. Peterson, Staff Attorney, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6555
Fax: 703 518-6569
Email: ppeterson@ncua.gov

RIN:

3133-AC59

3933. ¤ PROMPT CORRECTIVE ACTION

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1790d

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 702

Legal Deadline:

None

Abstract:

Revisions to NCUA system of minimum capital standards for federally insured credit unions, and corresponding remedies to restore net worth.

Timetable:
Action Date FR Cite
NPRM 05/00/02
Final Action 11/00/02
Final Action Effective 01/00/03

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

State

Federalism:

This action may have federalism implications as defined in EO 13132.

Agency Contact:

Steven W. Widerman, Trial Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6557
Email: widerman@ncua.gov

RIN:

3133-AC60

3934. ¤ SHARE INSURANCE AND APPENDIX

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1757; 12 USC 1765 to 1766; 12 USC 1781 to 1782; 12 USC 1787; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 745

Legal Deadline:

None

Abstract:

Update NCUA's share insurance rules to bring them into closer parity with the Federal Deposit Insurance Corporation's deposit insurance rules.

Timetable:
Action Date FR Cite
NPRM 07/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Frank S. Kressman, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov

RIN:

3133-AC65

3935. ¤ ADVERTISING

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1766; 12 USC 1781; 12 USC 1789; 12 USC 4311

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 740

Legal Deadline:

None

Abstract:

Revise to address electronic advertising and transactions and to improve clarity.

Timetable:
Action Date FR Cite
NPRM 07/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Dianne M. Salva, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569
Email: dsalva@ncua.gov

RIN:

3133-AC67


National Credit Union Administration (NCUA)

Final Rule Stage

 


3936. OMB CONTROL NUMBERS

Agency:

National Credit Union Administration (NCUA)

Priority:

Info./Admin./Other

Legal Authority:

12 USC 1766(a); 5 USC 3507(f)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 795

Legal Deadline:

None

Abstract:

NCUA plans to update the display table that lists the current OMB control numbers and the 12 CFR part or section where each number is described or identified.

Timetable:
Action Date FR Cite
Final Action 05/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Regina M. Metz, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov

RIN:

3133-AC52

3937. TRUTH IN SAVINGS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 4311

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 707

Legal Deadline:

Other, Statutory, November 6, 2001, Interim Final Rule.
Mandated by Truth in Savings Act.

Abstract:

NCUA amended its Truth in Savings rule in compliance with the Truth in Savings Act which requires NCUA to amend its rule in conformity with changes made by the Federal Reserve Board to its Regulation DD.

Timetable:
Action Date FR Cite
Interim Final Rule 09/19/01 66 FR 48206
Final Action 12/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Frank S. Kressman, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov

RIN:

3133-AC57

3938. ¤ FEDERAL CREDIT UNION CHARTERING, FIELD OF MEMBERSHIP MODIFICATION AND CONVERSIONS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12 USC 1761a-b; 12 USC 1766 to 1767; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 701.1

Legal Deadline:

None

Abstract:

The NCUA Board amended its chartering and field of membership manual to make two changes to ease the burden on applicants for community charters, expansions or conversions. First, applicants need not submit documentation to establish a community area that is the same as one the NCUA has previously determined to be a well-defined local community, neighborhood or rural district. Second, the NCUA Board deleted the category of common characteristics and background of residents from the examples of acceptable documentation because it has proven to generate documentation of limited relevance.

Timetable:
Action Date FR Cite
Interim Final Rule 03/20/01 66 FR 15619
Final Action 06/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Michael J. McKenna, Senior Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov

RIN:

3133-AC63

3939. ¤ ORGANIZATION AND OPERATIONS OF FEDERAL CREDIT UNIONS — BENEFITS FOR EMPLOYEES OF FEDERAL CREDIT UNIONS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12 USC 1761a-b; 12 USC 1766 to 1767; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 701.19

Legal Deadline:

None

Abstract:

Clarify the scope of the rule permitting Federal credit unions to provide their employees with reasonable retirement and employee benefits.

Timetable:
Action Date FR Cite
NPRM 12/20/01 66 FR 65662
NPRM Comment Period End 02/19/02
Final Action 06/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Frank S. Kressman, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov

RIN:

3133-AC64

3940. ¤ FEDERAL CREDIT UNION CHARTERING, FIELD OF MEMBERSHIP MODIFICATIONS, AND CONVERSIONS

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1755 to 1756; 12 USC 1757; 12 USC 1759; 12 USC 1761a-b; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 701.1

Legal Deadline:

None

Abstract:

An existing community charter need not document in writing how it plans on serving the entire community. The NCUA Board updated the definition of an investment area because of the release of the new census data and updated Community Development Financial Institution Fund standards.

Timetable:
Action Date FR Cite
Interim Final Rule 12/20/01 66 FR 65625
Interim Final Rule Effective 12/20/01
Final Action 06/00/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Michael J. McKenna, Senior Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov

RIN:

3133-AC66


National Credit Union Administration (NCUA)

Long-Term Actions

 


3941. ELIGIBLE OBLIGATIONS — CONFLICT OF INTEREST PROVISION

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12 USC 1761a

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 701.23

Legal Deadline:

None

Abstract:

Section 701.23 sets forth the requirements for purchasing, selling, and pledging eligible obligations (loans) by Federal credit unions. NCUA plans to propose a conflict of interest provision for this section, similar to section 701.21(c)(8)(i) of the lending rule.

Timetable:
Action Date FR Cite
NPRM To Be Determined

Regulatory Flexibility Analysis Required:

Undetermined

Small Entities Affected:

No

Government Levels Affected:

None

Federalism:

Undetermined

Agency Contact:

Regina M. Metz, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov

RIN:

3133-AC51

3942. ¤ BANK SECRECY ACT COMPLIANCE PROGRAMS AND PROCEDURES

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1766(a); 12 USC 1786(q); 31 USC 5311; 31 USC 5318

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 748.2

Legal Deadline:

None

Abstract:

The rule will be amended to clarify and cross-reference any changes to credit unions' responsibilities for Bank Secrecy Act compliance resulting from passage of the U.S.A. Patriot's Act, P. L. 107-56, October 26, 2001.

Timetable:

Next Action Undetermined

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

John K. Ianno, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569
Email: johni@ncua.gov

RIN:

3133-AC62


National Credit Union Administration (NCUA)

Completed Actions

 


3943. REGULATORY FLEXIBILITY AND EXEMPTION PROGRAM

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1757; 12 USC 1756; 12 USC 1766

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 742

Legal Deadline:

None

Abstract:

This final rule permits credit unions with advanced levels of net worth and consistently strong supervisory examination ratings to be exempt, in whole or in part, from certain NCUA regulations. Also, the Board issued a final amendment to the appraisal regulation to increase the dollar threshold from $100,000 to $250,000 for which an appraisal is required. This final rule and final amendment will reduce regulatory burden.

Timetable:
Action Date FR Cite
ANPRM 03/22/00 65 FR 15275
ANPRM Comment Period End 05/22/00
NPRM 03/15/01 66 FR 15055
NPRM Comment Period End 05/14/01
Final Action 11/23/01 66 FR 58656
Final Rule Effective 03/01/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Michael J. McKenna, Senior Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov

RIN:

3133-AC38

3944. REQUIREMENTS FOR INSURANCE

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1757; 12 USC 1766; 12 USC 1781 to 1790

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 741

Legal Deadline:

None

Abstract:

Currently, only credit unions with over $50,000,000 in assets file quarterly call reports. NCUA is considering moving to a risk-based, flexible schedule examination program. This proposal requested comments on whether, as a condition of implementation of that program, all credit unions should file quarterly call reports.

Timetable:
Action Date FR Cite
NPRM 08/03/01 66 FR 40642
NPRM Comment Period End 11/01/01
Final Action 03/19/02 67 FR 12459

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Mary F. Rupp, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Email: maryr@ncua.gov

RIN:

3133-AC46

3945. DEFINITIONS AND TECHNICAL AMENDMENTS

Agency:

National Credit Union Administration (NCUA)

Priority:

Info./Admin./Other

Legal Authority:

12 USC 1752; 12 USC 1755 to 1757; 12 USC 1759; 12 USC 1761; 12 USC 1766 to 1767; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 700; 12 CFR 701; 12 CFR 712; 12 CFR 723; 12 CFR 725; ...

Legal Deadline:

None

Abstract:

NCUA amended various rules to make technical corrections and revise certain definitions.

Timetable:
Action Date FR Cite
NPRM 06/21/01 66 FR 33211
NPRM Comment Period End 08/20/01
Final Action 12/20/01 66 FR 65622
Final Action Effective 01/22/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Regina M. Metz, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov

RIN:

3133-AC53

3946. REIMBURSEMENT, INSURANCE, AND INDEMNIFICATION OF OFFICIALS AND EMPLOYEES

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1761a-b; 12 USC 1766 to 1767; 12 USC 1782; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 701.33

Legal Deadline:

None

Abstract:

Revised regulation to clarify, streamline and update recent interpretations.

Timetable:
Action Date FR Cite
NPRM 08/03/01 66 FR 40641
NPRM Comment Period End 10/03/01
Final Action 12/20/01 66 FR 65628
Final Action Effective 01/22/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Dianne M. Salva, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569
Email: dsalva@ncua.gov

RIN:

3133-AC54

3947. ¤ LOAN INTEREST RATES

Agency:

National Credit Union Administration (NCUA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12 USC 1761a; 12 USC 1766 to 1767; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

None

Legal Deadline:

None

Abstract:

The NCUA Board continued the 18 percent Federal credit union loan rate ceiling for the period March 8, 2002, through September 8, 2003.

Timetable:
Action Date FR Cite
Final Action 02/15/02 67 FR 7057
Final Action Effective 03/08/02

Regulatory Flexibility Analysis Required:

No

Small Entities Affected:

No

Government Levels Affected:

None

Agency Contact:

Regina M. Metz, Staff Attorney, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov

RIN:

3133-AC61