Decision.

Decision. Before the end of the 90-day period beginning on the date a request filed, the Board shall render its decision and provide it to the requester. The Board will determine whether to grant expedited review and allow or disallow the claim or whether such claim should be resolved pursuant to the claims process described in 709.6 of this part.


Source

12 CFR § 709.9


Scoping language

General. The provisions of this section establish procedures under which claimants may request expedited relief in lieu of the procedures set forth in 709.6 of this part. A claimant shall be entitled to expedited determination of a claim only upon a showing that there exists a legally valid and enforceable or perfected security interest in assets of the liquidated credit union and that irreparable injury will occur if the routine claims procedure is followed.

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