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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 713 - Fidelity Bond and Insurance Coverage for Federally Insured Credit Unions |
§ 713.7 - May the NCUA Board require a federally insured credit union to secure additional insurance coverage?
Latest version.
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§ 713.7 May the NCUA Board require a federally insured credit union to secure additional insurance coverage?
The NCUA Board may require additional coverage when the NCUA Board determines that a federally insured credit union's current coverage is inadequate. The federally insured credit union must purchase this additional coverage within 30 days.
[84 FR 35525, July 24, 2019]