 |
Code of Federal Regulations (Last Updated: May 6, 2024) |
 |
Title 12 - Banks and Banking |
|
Chapter I - Comptroller of the Currency, Department of the Treasury |
|
Part 163 - Savings Associations - Operations |
|
Subpart G - Reporting and Bonding |
§ 163.191 - Bonds for agents.
Latest version.
-
§ 163.191 Bonds for agents.
In lieu of the bond provided in § 163.190 of this part in the case of agents appointed by a Federal savings association, a fidelity bond may be provided in an amount at least twice the average monthly collections of such agents, provided such agents shall be required to make settlement with the savings association at least monthly, and provided such bond is approved by the board of directors of the savings association. No bond need be obtained for any agent that is a financial institution insured by the Federal Deposit Insurance Corporation.