12 U.S.C. § 1795b
There is created the National Credit Union Administration Central Liquidity Facility. The Central Liquidity Facility, an instrumentality of the United States, shall exist within the National Credit Union Administration and be managed by the Board. The United States district court shall have original jurisdiction over any case to which the Board on behalf of the Facility is a party, without regard to the amount in controversy.
12 U.S.C. § 1795b
EDITORIAL NOTES
CODIFICATION Section 309(b)(1) of Pub. L. 96-221 redesignated subch. III as title III of act June 26, 1934, ch. 750, cited as a credit to this section.
AMENDMENTS1984- Pub. L. 98-369 inserted ", an instrumentality of the United States,". 1980- Pub. L. 96-221 §309(a)(4), substituted "Board" for "Administrator" in two places, such change having been made previously by Pub. L. 95-630.1978- Pub. L. 95-630 §502(b), substituted "Board" for "Administrator" in two places.
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 1984 AMENDMENT Amendment by Pub. L. 98-369 effective Oct. 1, 1979, see section 2813(c) of Pub. L. 98-369 set out as an Effective Date note under section 1795k of this title.
EFFECTIVE DATE OF 1978 AMENDMENT Amendment effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95-630 set out as a note under section 1752 of this title.
EFFECTIVE DATESection effective Oct. 1, 1979, see section 1806 of Pub. L. 95-630 set out as a note under section 1795 of this title.
- credit
- The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.