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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VII - National Credit Union Administration |
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SubChapter A - Regulations Affecting Credit Unions |
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Part 712 - Credit Union Service Organizations (Cusos) |
§ 712.6 - What activities and services are prohibited for CUSOs?
Latest version.
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§ 712.6 What activities and services are prohibited for CUSOs?
General. CUSOs must not acquire control of, either directly or indirectly, another depository financial institution, nor invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility or similar organization, corporation, or association.
[63 FR 10756, Mar. 5, 1998, as amended at 64 FR 66361, Nov. 26, 1999]