Title 12 published on 2013-01-01
The following are only the Rules published in the Federal Register after the published date of Title 12.
For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.
On June 20, 2013, the NCUA Board (Board) approved, with a 30-day effective date, a final rule titled Loan Participations; Purchase, Sale and Pledge of Eligible Obligations; Purchase of Assets and Assumption of Liabilities, effective July 25, 2013. The Board extends the effective date for the final rule to September 23, 2013, to provide federally insured credit unions with additional time to prepare to comply with the final rule.
NCUA amends its loan participation rule, eligible obligations rule, and requirements for insurance rule to clarify how the loan participation rule is to be applied and how it relates to other rules. The amendments reorganize the loan participation rule and focus on the purchase side of loan participation transactions. The amendments make it easier to understand NCUA's regulatory requirements for loan participations. The amendments also expand loan participation requirements to federally insured, state-chartered credit unions (FISCUs).
The NCUA Board (Board) is making a number of technical amendments to NCUA's regulations based on issues identified by staff and through NCUA's rolling, three-year regulatory review process. In addition, the Board is making a number of nomenclature changes to NCUA's regulations to reflect changes to NCUA's office structure, including the transfer of duties and the creation of the new Office of National Examinations and Supervision (ONES). Finally, under title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act 1 (Dodd-Frank Act), rulemaking authority for a number of consumer financial protection laws were transferred from various federal regulatory agencies, including NCUA, to the Consumer Financial Protection Bureau (CFPB). As a result, the Board is now updating certain cross citations within its regulations and rescinding NCUA's rules governing the “Privacy of Consumer Financial Information” under the Gramm-Leach-Bliley Act 2 and the “Registration of Residential Mortgage Loan Originators” under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, 3 which were transferred to the CFPB. 1 Public Law 111-203, 124 Stat. 1376, 1955-2113 (2010). 2 12 U.S.C. 6801 et seq. 3 12 U.S.C. 5101 et seq.
The NCUA Board (Board) is amending the definition of “rural district” in NCUA's Chartering and Field of Membership Manual. The amendment permits a geographic area to qualify as a rural district if, among other criteria, it has a total population that does not exceed the greater of 250,000 people or three percent of the population of the state in which the majority of the district is located. The current definition limits the rural district's population to 200,000 people without regard to the population of the state containing the majority of the rural district.
The NCUA Board (Board) is issuing a final rule amending the definition of “troubled condition” as that term is used to trigger the statutory requirement to give the Board notice and an opportunity to disapprove a change of credit union officials, and as that term appears elsewhere in NCUA's regulations. Generally, the current definition allows only a state supervisory authority (SSA) to declare a federally insured, state-chartered credit union (FISCU) to be in “troubled condition.” The final rule amends the definition to allow either NCUA or an SSA to declare a FISCU in “troubled condition.” NCUA is adopting the amended definition of “troubled condition” as proposed.
The NCUA Board (Board) is making technical amendments to NCUA's regulation regarding share insurance on various kinds of treasury accounts. The technical amendments conform the regulation to changes made to NCUA's standard maximum share insurance amount (SMSIA) by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Specifically, the Dodd-Frank Act increased the SMSIA from $100,000 to $250,000.
The NCUA Board (Board) is amending its low-income credit unions regulation by extending the time period in which a federal credit union (FCU) may accept a low-income designation. Under the current rule, an FCU that receives notice from NCUA of its eligibility for a low-income designation has 30 days to notify NCUA in writing that it wishes to accept the designation. The final rule extends an FCU's response time from 30 days to 90 days to make certain an FCU has adequate time to respond. The final rule also makes minor, nonsubstantive technical amendments to NCUA's requirements for insurance regulation to reflect current agency practice.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
§ 1752 - Definitions
§ 1755 - Fees
§ 1756 - Reports and examinations
§ 1757 - Powers
§ 1758 - Bylaws
§ 1759 - Membership
§ 1761a - Officers of the board
§ 1761b - Board of directors; meetings; powers and duties; executive committee; membership officers; membership application
§ 1766 - Powers of Board
§ 1767 - Fiscal agents and depositories; authorization to secure deposits by governmental bodies
§ 1782 - Administration of insurance fund
§ 1784 - Examination of insured credit unions
§ 1786 - Termination of insured credit union status; cease and desist orders; removal or suspension from office; procedure
§ 1787 - Payment of insurance
§ 1789 - Administrative provisions
§ 1601 - Congressional findings and declaration of purpose
§ 1602 - Definitions and rules of construction
§ 1603 - Exempted transactions
§ 1604 - Disclosure guidelines
§ 1605 - Determination of finance charge
§ 1606 - Determination of annual percentage rate
§ 1607 - Administrative enforcement
§ 1608 - Views of other agencies
§ 1609 - Repealed.
§ 1610 - Effect on other laws
§ 1611 - Criminal liability for willful and knowing violation
§ 1612 - Effect on government agencies
§ 1613 - Annual reports to Congress by Bureau
§ 1614 - Repealed.
§ 1615 - Prohibition on use of “Rule of 78’s” in connection with mortgage refinancings and other consumer loans
§ 1616 - Board review of consumer credit plans and regulations
§ 3717 - National Quality Council
§ 1981 - Equal rights under the law
§ 3601 - Declaration of policy
§ 3602 - Definitions
§ 3603 - Effective dates of certain prohibitions
§ 3604 - Discrimination in the sale or rental of housing and other prohibited practices
§ 3605 - Discrimination in residential real estate-related transactions
§ 3606 - Discrimination in the provision of brokerage services
§ 3607 - Religious organization or private club exemption
§ 3608 - Administration
§ 3608a - Collection of certain data
§ 3609 - Education and conciliation; conferences and consultations; reports
§ 3610 - Administrative enforcement; preliminary matters
§ 4312 - Omitted
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 701 after this date.
The NCUA Board (Board) proposes to amend its regulation governing federal credit union (FCU) ownership of fixed assets to help FCUs understand and comply with its requirements. The proposed amendments do not make any substantive changes to those regulatory requirements. Rather, the amendments only clarify the regulation by improving its organization, structure, and ease of use.