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.
2013-01-18; vol. 78 # 13 - Friday, January 18, 2013 78 FR 4026 - Definition of Troubled Condition
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION Final rule. This rule is effective February 19, 2013. 12 CFR Parts 700, 701, 741, 747, and 750 Summary 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.
78 FR 4030 - Designation of Low-Income Status; Acceptance of Secondary Capital Accounts by Low-Income Designated Credit Unions
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION Final rule. This rule is effective February 19, 2013. 12 CFR Parts 701 and 741 Summary 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.
78 FR 4032 - Prompt Corrective Action, Requirements for Insurance, and Promulgation of NCUA Rules and Regulations
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION Final rule. This rule is effective February 19, 2013. 12 CFR Parts 702, 741 and 791 Summary The NCUA Board (Board) is issuing a final rule to amend Interpretive Ruling and Policy Statement (IRPS) 87-2, as amended by IRPS 03-2, and two NCUA regulations that apply asset thresholds to grant relief from risk-based net worth and interest rate risk requirements. The amended IRPS increases the asset threshold that identifies credit unions to which NCUA will give more robust consideration of regulatory relief in future rulemakings. The amended regulations similarly include increased asset thresholds, granting immediate and prospective relief from existing regulatory burden to a larger group of small credit unions.
2012-12-13; vol. 77 # 240 - Thursday, December 13, 2012 77 FR 74103 - Alternatives to the Use of Credit Ratings
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION Final rule. This rule is effective June 11, 2013. 12 CFR Parts 703, 704, 709, and 741 Summary NCUA is issuing a final rule to implement certain statutory requirements in Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) pertaining to the use of credit ratings to assess creditworthiness. The final rule removes references to credit ratings in NCUA regulations or replaces them with other appropriate standards of creditworthiness as required by the Dodd-Frank Act.
2012-09-19; vol. 77 # 182 - Wednesday, September 19, 2012 77 FR - Interest Rate Risk Policy and Program
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 741 Summary
2012-05-31; vol. 77 # 105 - Thursday, May 31, 2012 77 FR 31993 - Loan Workouts and Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION Final rule; limited extension of compliance date for certain requirements. The effective date for this rule is July 2, 2012. The compliance date is extended to October 1, 2012 for the rule's requirements to adopt written policies addressing loan workouts and nonaccrual practices and to December 31, 2012 to collect nonaccrual status data. 12 CFR Part 741 Summary NCUA is amending its regulations to require federally insured credit unions (FICUs) to maintain written policies that address the management of loan workout arrangements and nonaccrual policies for loans, consistent with industry practice or Federal Financial Institutions Examination Council (FFIEC) requirements. The final rule includes guidelines, set forth as an interpretive ruling and policy statement (IRPS) and incorporated as an appendix to the rule, that will assist FICUs in complying with the rule, including the regulatory reporting of troubled debt restructured loans (TDR loans or TDRs) in FICU Call Reports.
2012-02-02; vol. 77 # 22 - Thursday, February 2, 2012 77 FR 5155 - Interest Rate Risk Policy and Program
GPO FDSys XML | Text Additional Documents
NATIONAL CREDIT UNION ADMINISTRATION Final rule. This rule is effective on September 30, 2012. 12 CFR Part 741 Summary NCUA is issuing a final rule requiring Federally insured credit unions to develop and adopt a written policy on interest rate risk management and a program to effectively implement that policy, as part of their asset liability management responsibilities. The interest rate risk policy and implementation program will be among the factors NCUA will consider in determining a credit union's insurability. To assist credit unions, the final rule includes an appendix setting forth guidance on developing an interest rate risk policy and an effective implementation program based on generally recognized best practices for safely and soundly managing interest rate risk.
