Code of Federal Regulations · Section
§ 741.221 — Suretyship And Guaranty Requirements
12 C.F.R. § 741.221
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Any credit union, which is insured pursuant to title II of the Act, must adhere to the requirements in § 701.20 of this chapter. State-chartered, NCUSIF-insured credit unions may only enter into suretyship and guaranty agreements to the extent authorized under state law.
Authorizing Statute
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Interest and penalty on claims31 U.S.C. § 3717
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Powers12 U.S.C. § 1757