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Ex. AGY-FED-FINANCIAL-039 Order Primary source read

Temporary final rule, Temporary Regulatory Relief in Response to COVID-19, 85 Fed. Reg. 22010 (Apr. 21, 2020)

Temporary Regulatory Relief in Response to COVID-19

NCUA Board · United States; National Credit Union Administration (federal) (Federal)

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The COVID Project

The record

Jurisdiction
United States; National Credit Union Administration (federal)
Level
Federal
Authority
12 U.S.C. § 1766(a); § 1789
Issued
2020-04-21 Apr. 21, 2020
Effective
2020-04-21
End
2020-12-31 (extended to 2021-12-31 by 85 Fed. Reg. 83405, Ex. 048) (read as 2021-09-30)
In force
Apr. 21, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Business closureOther
Addressees
  • federal credit unions
Functions reached
  • BR premises
  • BL loan participations
  • OP
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

DATES: This rule is effective from April 21, 2020 through December 31, 2020.... The Board is also temporarily [tolling the] timeframes for the occupancy or [disposal of acquired and] abandoned [premises]. These temporary [measures expire on] December 31, 2020, unless extended.

Enforcement

12 C.F.R. part 701; 12 U.S.C. § 1786

Notes

Force-of-law rule stopping the premises-occupancy clock and raising loan-participation limits because 'social distancing practices necessitated by' the pandemic (Ex. 048 recital) idled premises

Retrieval note

Federal Register PDF read; bracketed words reconstruct column-garbled text.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.