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Can you summarize NHCAR Ban 510?
ADOPTION OF RULES UNDER RSA 394-A GRANTING STATE-CHARTERED FINANCIAL INSTITUTIONS POWERS OF CORRESPONDING FEDERALLY- CHARTERED FINANCIAL INSTITUTIONS > CREDIT UNION POWERS
Short Summary
This legal document, Ban 510, is part of the New Hampshire Code of Administrative Rules and governs the powers and operations of credit unions in New Hampshire. It defines various terms related to credit unions and outlines their authority to invest in service corporations and the National Credit Union Central Liquidity Facility. The document also mentions the limitations on investments and the repeal or expiration of certain sections. Overall, it provides guidelines and restrictions for state-chartered credit unions in New Hampshire.
Whom does it apply to?
The document applies to credit unions organized under RSA 394-B or by legislative charter in New Hampshire.
What does it govern?
The document governs the functioning and powers of credit unions in New Hampshire, specifically addressing the powers of state-chartered financial institutions, with a focus on credit unions. It provides guidelines and restrictions for state-chartered credit unions in New Hampshire.
What are exemptions?
No exemptions are mentioned in the document.
What are the Penalties?
The document does not mention any specific penalties for non-compliance or violation of its provisions.
Jurisdiction
New Hampshire