Code · CFR · Title 12 — Banks and Banking · Part 253 — Regulations Implementing the Adjustable Interest Rate (LIBOR) Act (Regulation ZZ) · § 253.7

§ 253.7. Continuity of contract and safe harbor.

69 words·~1 min read·/us/cfr/t12/s§ 253.7·

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(a)The provisions of section 105(a)-(d) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(a)-(d), shall apply to any LIBOR contract for which the Board-selected benchmark replacement becomes the benchmark replacement pursuant to § 253.3(a) or (c).

(b)Nothing in this part is intended to alter or modify the availability or effect of the provisions of section 105(e) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(e).

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U.S. Code

Continuity of contract and safe harbor
§ 5804

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§ 253.7

Continuity of contract and safe harbor.

U.S.C.§ 5804

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