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| Subpart D | Use of Supervisory Guidance | 791.19 – 791.21 | |||||||||
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12 U.S.C. 1766, 1781, 1786, 1787, 1789, and 5 U.S.C. 552b.
53 FR 29647, Aug. 8, 1988, unless otherwise noted.
86 FR 7957, Feb. 3, 2021, unless otherwise noted.
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The Code of Federal Regulations (CFR) is the official legal print publication containing the codification of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government. The Electronic Code of Federal Regulations (eCFR) is a continuously updated online version of the CFR. It is not an official legal edition of the CFR.
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86 FR 7957, Feb. 3, 2021, unless otherwise noted.
The NCUA issues regulations and guidance as part of its supervisory function. This subpart reiterates the distinctions between regulations and guidance, as stated in the Interagency Statement Clarifying the Role of Supervisory Guidance (Interagency Statement) and provides that the Statement is binding on the NCUA.
The Statement describes the official policy of the NCUA with respect to the use of supervisory guidance in the supervisory process. The Statement is binding on the NCUA.
Appendix A to this subpart does not alter the legal status of guidance that is authorized by statute, including but not limited to 12 U.S.C. 1781, 1786, and 1789, to create binding legal obligations.