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NCUA | RIN: 3133-AE41 | Publication ID: Spring 2015 |
Title: Safe Harbor | |
Abstract:
NCUA previously proposed to amend its regulations regarding the treatment by NCUA, as liquidating agent or conservator of a federally insured credit union, of financial assets transferred by the credit union in connection with a securitization or participation. The proposed rule extended the safe harbor for financial assets transferred in compliance with the existing regulation and defined the conditions for safe harbor protection for transfers under the proposed rule. NCUA is working towards finalizing this rule. |
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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 709.10 | |
Legal Authority: 12 U.S.C. 1757 12 U.S.C. 1766 to 1767 12 U.S.C. 1786(h) 12 U.S.C. 1787 to 1789a |
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: www.ncua.gov/Legal/Regs/Pages/PropRegs.aspx | |
RIN Data Printed in the FR: No | |
Agency Contact: Marvin Shaw Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6553 Fax:703 518-6569 Email: mshaw@ncua.gov |