Tenn. Comp. R. & Regs. 0180-10-1-.06

Current through October 22, 2024

Section 0180-10-1-.06 - REVERSE REPURCHASE TRANSACTIONS CONSIDERED BORROWINGS

A credit union may enter into a reverse repurchase transaction subject to the limitation on borrowing contained in T.C.A. § 45-4-501(3) if the investments and deposits from the funds received have a maturity date not later than the future settlement date for the reverse repurchase transaction.

Tenn. Comp. R. & Regs. 0180-10-1-.06

Original rule filed September 11, 1980; effective October 27, 1980. Amendment filed December 28, 1983; effective March 16, 1984.

Authority: T.C.A. §§ 45-4-1001 and 45-4-501(3).