§741.221. Suretyship and guaranty requirements.
12 C.F.R. § 741.221
Any credit union, which is insured pursuant to title II of the Act, must adhere to the requirements in § 701.20 of this chapter. State-chartered, NCUSIF-insured credit unions may only enter into suretyship and guaranty agreements to the extent authorized under state law.
Notes, amendments, and revision history
Amendments
[69 FR 8548, Feb. 25, 2004]
Authority
Authority: 12 U.S.C. 1757, 1766(a), 1781-1790, 1790d, 3331 et seq; 31 U.S.C. 3717.
Source
Source: 60 FR 58504, Nov. 28, 1995, unless otherwise noted.
Amendments
[69 FR 8548, Feb. 25, 2004]