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Electronic Code of Federal Regulations

e-CFR data is current as of December 9, 2019

Title 12Chapter VIISubchapter APart 741Subpart B → §741.221


Title 12: Banks and Banking
PART 741—REQUIREMENTS FOR INSURANCE
Subpart B—Regulations Codified Elsewhere in NCUA's Regulations as Applying to Federal Credit Unions That Also Apply to Federally Insured State-Chartered Credit Unions


§741.221   Suretyship and guaranty requirements.

Any credit union, which is insured pursuant to title II of the Act, must adhere to the requirements in §701.20 of this chapter. State-chartered, NCUSIF-insured credit unions may only enter into suretyship and guaranty agreements to the extent authorized under state law.

[69 FR 8548, Feb. 25, 2004]

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