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Regulatory Information
2014_register
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2014-06-26
article
Voluntary Liquidation
Rules and Regulations
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D09002ee1bdc40be7
United States
National Credit Union Administration
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United States Government Agency or Subagency
The NCUA Board (Board) is issuing a final rule to amend its voluntary liquidation regulation to reduce administrative burdens on voluntarily liquidating federal credit unions (FCUs) and recognize technological advances by: Permitting liquidating FCUs to publish required creditor notices in either electronic media or newspapers of general circulation; increasing the asset-size threshold for requiring multiple creditor notices; requiring that preliminary partial distributions to members not exceed the National Credit Union Share Insurance Fund (NCUSIF) insurance limit for any member share account; specifying when liquidating FCUs must determine member share balances for the purposes of distributions; and permitting liquidating FCUs to distribute member share payouts either by wire or other electronic means or by mail or personal delivery.
79 FR 36196
https://www.govinfo.gov/app/details/FR-2014-06-26/2014-14885
2014-14885
fr26jn14-2
RIN 3133-AE30
7535-01-P
https://www.govinfo.gov/app/details/FR-2014-06-26/2014-14885
https://www.govinfo.gov/content/pkg/FR-2014-06-26/html/2014-14885.htm
https://www.govinfo.gov/content/pkg/FR-2014-06-26/pdf/2014-14885.pdf
Credit Union
Reporting and Recordkeeping Requirements
3 p.
36196
36198
79 FR 36196
Code of Federal Regulations
Title 12 Part 710
12 CFR Part 710
Regulation Identification Number 3133-AE30
RIN 3133-AE30
Voluntary Liquidation; Federal Register Vol. 79, Issue
RULE
2014-14885
NATIONAL CREDIT UNION ADMINISTRATION
2014-07-28
7535-01-P
2014-14885
Final rule.
The NCUA Board (Board) is issuing a final rule to amend its voluntary liquidation regulation to reduce administrative burdens on voluntarily liquidating federal credit unions (FCUs) and recognize technological advances by: Permitting liquidating FCUs to publish required creditor notices in either electronic media or newspapers of general circulation; increasing the asset-size threshold for requiring multiple creditor notices; requiring that preliminary partial distributions to members not exceed the National Credit Union Share Insurance Fund (NCUSIF) insurance limit for any member share account; specifying when liquidating FCUs must determine member share balances for the purposes of distributions; and permitting liquidating FCUs to distribute member share payouts either by wire or other electronic means or by mail or personal delivery.
This rule is effective July 28, 2014.
Damon Frank and Ian Marenna, Trial Attorneys, Office of General Counsel, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428 or telephone: (703) 518-6540.
Credit Union
Reporting and Recordkeeping Requirements
Voluntary Liquidation
,
Federal Register
Vol. 79, no. 123
Office of the Federal Register, National Archives and Records Administration
2014-06-26
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daily
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215 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2014-06-26
P0b002ee18965301e
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr26jn14
https://www.govinfo.gov/app/details/FR-2014-06-26
https://www.govinfo.gov/content/pkg/FR-2014-06-26/pdf/FR-2014-06-26.pdf
https://www.govinfo.gov/content/pkg/FR-2014-06-26/xml/FR-2014-06-26.xml
fdlp
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DGPO
2014-06-26
2023-04-29
FR-2014-06-26
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FR
FR-2014-06-26
79
123