§741.5. Notice of termination of excess insurance coverage.
12 C.F.R. § 741.5
In the event of a credit union's termination of share insurance coverage other than that provided by the NCUSIF, the credit union must notify all members in writing of such termination at least thirty days prior to the effective date of termination.
Notes, amendments, and revision history
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.