# Requirements for Insurance
> **US National Credit Union Administration** · Final rule. · Published 2005-12-21 · Effective 2006-01-20 · 70 FR 75723
## Document
- **Document number:** 05-24284
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 70 FR 75723
- **CFR reference:** 12 CFR 741
- **Publication date:** 2005-12-21
- **Effective date:** 2006-01-20
## Abstract

NCUA is issuing its rule on the purchase of assets and assumption of liabilities by federally-insured credit unions to clarify which transfers of assets or accounts require approval by the NCUA Board.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/12/21/05-24284/requirements-for-insurance)
---
*AI Analytics · CC0 1.0*