12 CFR 741.221

§ 741.221 Suretyship and guaranty requirements.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 741.221, § 741.221 Suretyship and guaranty requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48754
Permanent ID: ys:prov:48754@1
SHA-256: c2212670f2a5e42841aba46f7ac435f0ae07e92b9b149605de331f0358a7a945

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Full text

Any credit union, which is insured pursuant to title II of the Act, must adhere to the requirements in § 701.20 of this chapter. State-chartered, NCUSIF-insured credit unions may only enter into suretyship and guaranty agreements to the extent authorized under state law.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.