§713.7. May the NCUA Board require a federally insured credit union to secure additional insurance coverage?
12 C.F.R. § 713.7
The NCUA Board may require additional coverage when the NCUA Board determines that a federally insured credit union's current coverage is inadequate. The federally insured credit union must purchase this additional coverage within 30 days.
Notes, amendments, and revision history
Amendments
[84 FR 35525, 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 35525, July 24, 2019]