---
kind: "section"
citation: "12 C.F.R. § 725.19"
title: "12"
number: "725.19"
heading: "Collateral requirements."
url: "https://uscodex.org/cfr/12/725.19"
---

# §725.19. Collateral requirements.

- (a) Each Facility advance and each Agent loan shall be secured by a first priority security interest in collateral of the credit union with a net book value at least equal to an amount as required by the Facility's collateral table, published at www.NCUA.gov, or by guarantee of the National Credit Union Share Insurance Fund.
- (b) The Facility may accept as collateral for each Facility advance to a Regular member or to an Agent member, for such Agent member's own needs, a security interest in all assets of the member; provided however, that the value of any assets in which any third party has a perfected security interest that is superior to the security interest of the Facility shall be excluded for purposes of complying with the requirements of [paragraph (a)](#a) of this section.
- (c) The Facility may accept as collateral for each Facility advance to an Agent member, a security interest in the Agent loans for which the Facility advance was made; provided however, that the collateral for such Agent loan meets the requirements of [paragraph (a)](#a) of this section.

## Notes

### Amendments

[62 FR 67550, Dec. 29, 1997, as amended at 85 FR 23736, Apr. 29, 2020]

### Authority

Authority: 12 U.S.C. 1795f(a)(2).

### Source

Source: 44 FR 49437, Aug. 23, 1979, unless otherwise noted.

### Amendments

[62 FR 67550, Dec. 29, 1997, as amended at 85 FR 23736, Apr. 29, 2020]