Pursuant to its practice of periodically reviewing existing regulations and policy statements, NCUA proposed to update, clarify and convert to a regulation the provisions of an existing Interpretive Ruling and Policy Statement implementing the statutory lien authority granted by the Federal Credit Union Act. As revised to reflect comments on the proposed rule and to incorporate other improvements, the final rule implements the statutory right of federal credit unions to impress a lien against the shares and dividends of their members, and to enforce that lien to satisfy members' outstanding financial obligations due and payable to the credit union, even when such obligations are not secured by shares.