3133-AF53 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Simplification of Share Insurance Rules

The NCUA Board is considering issuing a proposal to amend its regulations governing share insurance coverage. The proposal would simplify the share insurance regulations by establishing a trust accounts category that governs coverage of shares of both revocable trusts and irrevocable trusts using a common calculation, and provide consistent share insurance treatment for all mortgage servicing account balances held to satisfy principal and interest obligations to a lender. These amendments would be substantially similar to ones adopted by the Federal Deposit Insurance Corporation.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage Undetermined No 12 CFR 745 12 U.S.C. 1752(5) 12 U.S.C. 1757 12 U.S.C. 1765 to 1766 12 U.S.C. 1781 to 1782 12 U.S.C. 1787 to 1789 Title V, Pub. L. 109-120 120 Stat. 1966 No NPRM 07/00/2023 Undetermined No Undetermined Undetermined No https://www.ncua.gov/regulation-supervision/rulemakings-proposals-comment No No Thomas Zells I. Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 548-2478 703 518-8566 tizells@ncua.gov 1775 Duke Street, Alexandria VA 22314