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Can you summarize TNRR 0180-29?
Financial Institutions > Credit Union Field of Membership Expansion
Short Summary
This legal document, titled ‘Credit Union Field of Membership Expansion’, governs the rules and regulations related to the expansion of the field of membership for credit unions in the State of Tennessee. It applies specifically to credit unions organized and operating under Title 45, chapter 4. The document provides definitions for various terms used in the chapter, such as ‘Affiliate’, ‘Associational Common Bond’, ‘Community Common Bond’, ‘Credit union’, ‘Commissioner’, and ‘Occupational Common Bond’. It also outlines the requirements and criteria for establishing associational common bonds, community common bonds, and occupational common bonds for credit union membership eligibility. The document does not mention any specific exemptions or penalties. The authority for this document is derived from T.C.A. 45-1-107(h), 45-4-102(b), 45-4-301(a), 45-4-501(9), 45-4-1001(b), and 45-4-1003(e).
Whom does it apply to?
Credit unions organized and operating under Title 45, chapter 4
What does it govern?
Field of membership expansion for credit unions
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Tennessee