§ 713.1. What is the scope of this section?
82 words·~1 min read·
/us/cfr/t12/s§ 713.1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This section provides the requirements for fidelity bonds for federally insured credit union employees and officials and for other insurance coverage for losses such as theft, holdup, vandalism, etc., caused by persons outside the credit union. Federally insured, state-chartered credit unions are required by § 741.201 of this chapter to comply with the fidelity bond coverage requirements of this part. Corporate credit unions must comply with § 704.18 of this chapter in lieu of this part. [84 FR 35524, July 24, 2019]