Title 12 published on 2012-01-01
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.
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.
The NCUA Board (Board) is making a number of technical amendments to NCUA's regulations to conform them to the changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and based on NCUA's rolling, three-year regulatory review.
NCUA is removing certain regulations and eliminating the Regulatory Flexibility Program (RegFlex) to provide regulatory relief to federal credit unions. NCUA is also removing or amending related rules to ease compliance burden while retaining certain safety and soundness standards. Those rules pertain to eligible obligations, charitable contributions, nonmember deposits, fixed assets, investments, incidental powers, and member business loans. In addition, NCUA is issuing an interim final rule with a request for comment to amend a provision in the fidelity bond rule to remove references to RegFlex.
The NCUA Board (Board) is amending the sections of NCUA's regulations addressing nondiscrimination requirements, flood insurance and the description of NCUA to make minor, nonsubstantive technical corrections. The technical amendments update the regulations to reflect current agency practice and will not cause any substantive changes.
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
§ 3608a - Collection of certain data
§ 3608 - Administration
§ 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 proposes to amend its low-income credit unions regulation by extending the time credit unions have to accept a low-income designation. Under the current rule, an FCU that has received notification from NCUA that it qualifies for a low-income designation has 30 days to notify NCUA that it wishes to receive the designation. Some FCUs may find it difficult to respond this quickly, so the proposed rule extends the response period to 90 days. The proposed rule also makes minor, nonsubstantive technical amendments to NCUA's insurance regulation to reflect current agency practice in this regard.
The NCUA Board (Board) is currently reviewing its regulation governing payday-alternative loans (PAL or PAL loans), formerly known as short-term, small amount loans. The Board intends to improve the regulation to encourage more federal credit unions (FCUs) to offer PAL loans and believes it may be necessary to amend the regulation. The Board seeks comment on how best to approach this. Although the Board identifies specific issues for discussion below, it encourages commenters to discuss any issue related to improving the regulation.
The NCUA Board (Board) proposes to amend the definition of “rural district” in NCUA's Chartering and Field of Membership Manual. The proposed amendment to the definition of “rural district” 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 200,000 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, regardless of the population of the state containing the majority of the rural district.
NCUA proposes to amend the definition of “troubled condition” as that term appears in § 701.14 and elsewhere in NCUA's regulations. Generally, under the current definition, only a state supervisory authority (SSA) may declare a federally insured, state-chartered credit union (FISCU) to be in “troubled condition.” The proposal expands the definition to permit either NCUA or an SSA to declare a FISCU to be in “troubled condition.”