Or. Admin. R. 441-720-0160

Current through Register Vol. 63, No. 9, September 1, 2024

Section 441-720-0160 - Fidelity Bond Coverage for Corporate Credit Union

A corporate central credit union referred to in ORS 723.730, shall:

(1) On and following January 1, 1998, meet the requirements of 12 CFR 704.18.7, Fidelity Bond Coverage, except as provided in section (2) of this rule.

(2) For the purpose of meeting Oregon requirements for fidelity bond coverages, all references to the "National Credit Union Administration" or "NCUA" in section (1) and (2) of this rule shall mean the Director of the Department of Consumer and Business Services acting through the Administrator of the Division of Financial Regulation.

Or. Admin. R. 441-720-0160

FCS 4-1997, f. 12-12-97, cert. ef. 1-1-98; FSR 11-2019, minor correction filed 07/03/2019, effective 7/3/2019

Statutory/Other Authority: ORS 723.730(2)

Statutes/Other Implemented: ORS 723.730(2)