1. Regulations
  2. title 12
  3. chapter VII
  4. part 741
  5. subpart B
  6. § 741.221

View all text of Subpart B [§ 741.201 - § 741.228]

§ 741.221 - Suretyship and guaranty requirements.

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.

[69 FR 8548, Feb. 25, 2004]

AUTHORITY: 12 U.S.C. 1757, 1766(a), 1781-1790, and 1790d; 31 U.S.C. 3717.

SOURCE: 60 FR 58504, Nov. 28, 1995, unless otherwise noted.

CITE AS: 12 CFR 741.221