12 CFR 253.7
§ 253.7 Continuity of contract and safe harbor.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 253.7, § 253.7 Continuity of contract and safe harbor, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45492
- Permanent ID
ys:prov:45492@1- SHA-256
f7a3974ac2eacd0603b801bfca3e095ef9ab7f96f52f25c03e1cf9d074647292
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The provisions of section 105(a)-(d) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(a)-(d), shall apply to any LIBOR contract for which the Board-selected benchmark replacement becomes the benchmark replacement pursuant to § 253.3(a) or (c).
(b) Nothing in this part is intended to alter or modify the availability or effect of the provisions of section 105(e) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(e).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.