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Records Preservation Program and Appendices-Record Retention Guidelines; Catastrophic Act Preparedness Guidelines

NCUA · final-rule · Published 2007-08-02 · Effective 2007-09-04 · 72 FR 42271

Document

Document number
E7-14851
Federal Register citation
72 FR 42271
CFR reference
12 CFR 748
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2007-08-02
Effective date
2007-09-04

Abstract

NCUA is issuing a final rule to amend its regulations regarding a federally-insured credit union's obligation to maintain a records preservation program. The final rule clarifies the meaning of catastrophic act and the requirements for preserving vital records. The agency also provides a new Appendix B that offers guidelines for developing a program to prepare for a catastrophic act. NCUA believes the revised rule language and new appendix will facilitate the recovery of essential operations after a catastrophic act resulting in continued member confidence in the credit union system.

Source

Authoritative
Federal Register document
Machine
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