[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR725.20]



[Page 593-594]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 725_NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY

--Table of Contents

 

Sec. 725.20  Repayment, security and credit reporting agreements; 

other terms and conditions.



    (a) Regular and Agent members, or in the case of an Agent group, the 

Agent group representative, shall sign the repayment, security and 

credit reporting agreements prescribed by the Facility, and all Facility 

advances to Regular and Agent members shall be governed by the terms and 

conditions of such agreements.

    (b) All Agent loans shall be made subject to the repayment, security 

and credit reporting terms prescribed by the Facility for Agent loans.



[[Page 594]]



    (c) Other terms and conditions applicable to Facility advances and 

Agent loans will be specified in confirmations of credit provided in 

connection with such advances and loans, and/or in operating circulars 

of the Facility.