---
kind: "section"
citation: "12 C.F.R. § 713.4"
title: "12"
number: "713.4"
heading: "What bond forms may a federally insured credit union use?"
url: "https://uscodex.org/cfr/12/713.4"
---

# §713.4. What bond forms may a federally insured credit union use?

- (a) The NCUA Board must approve all bond forms before federally insured credit unions may use them.
- (b) Bond forms the NCUA Board has approved for use by federally insured credit union are listed on the NCUA's website, http://www.ncua.gov, and may be used by federally insured credit unions without further NCUA approval. If you are unable to access the NCUA's website, you can obtain a current listing of approved bond forms by contacting the NCUA at (703) 518-6330.
- (c) Federally insured credit unions may not use any of the following without first receiving approval from the NCUA Board:
  - (1) Any bond form that has been amended or changed since the time the NCUA Board approved the form; and
  - (2) **Any rider, endorsement, renewal, or other document that limits coverage of approved bond forms.**
- (d) Approval on all bond forms expires after a period of 10 years from the date the NCUA Board approved or reapproved use of the bond form unless otherwise determined by the NCUA Board. Provided, however, that:
  - (1) Any bond forms approved before 2019 will expire on January 1, 2029, unless otherwise determined by the NCUA Board; and
  - (2) **The NCUA reserves the right to review a bond form at any point after its approval.**

## Notes

### Amendments

[84 FR 35524, July 24, 2019]

### Authority

Authority: 12 U.S.C. 1761a, 1761b, 1766(a), 1766(h), 1789(a)(11).

### Source

Source: 64 FR 28720, May 27, 1999, unless otherwise noted.

### Amendments

[84 FR 35524, July 24, 2019]