The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- United States; National Credit Union Administration (federal)
- Level
- Federal
- Authority
- 12 U.S.C. § 1766(a)
- Issued
- 2020-04-01 Apr. 1, 2020
- Effective
- April 2020 (read as 2020-04-01)
- End
- n/a (informational) (read as 2020-12-31)
- In force
- Apr. 1, 2020 to Dec. 31, 2020
- Quarters
- 2020 Q22020 Q32020 Q4
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- federally insured credit unions
- Functions reached
- SV forbearance (CARES Act § 4022-4023)
- BL PPP lending
- OP liquidity (CLF)
- Character
- context
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
The CARES Act contains numerous provisions to help workers, families, and businesses, including [provisions on forbearance, troubled debt restructurings, the Central Liquidity Facility and the Paycheck Protection Program that affect credit unions].
Enforcement
Informational; the CARES Act provisions carry their own force
Notes
The regulator's own map of the CARES Act mandates on credit union servicing and lending functions
Retrieval noteMonth-dated letter (April 2020). Cite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).