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NCUA | RIN: 3133-AF10 | Publication ID: Spring 2022 |
Title: Combination Transactions With Non-Credit Unions; Credit Union Asset Acquisitions | |
Abstract:
The NCUA Board (Board) issued a proposed rule to create a new subpart D within part 708a to codify procedures related to transactions where a federally insured credit union (FICU) proposes to assume liabilities from an institution other than a credit union. The proposed rule also addresses a FICU’s merger or consolidation with an entity other than a credit union. Finally, the proposed rule includes amendments clarifying the scope and applicability of 741.8 on the purchase of assets and assumption of liabilities. The Board is reviewing public comments. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 708a, subpart D 12 CFR 741.8 (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 U.S.C. 1785(b)(1) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Elizabeth Wirick Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: ewirick@ncua.gov |