← Treasury Federal Register rules

Sales of Credit Life Insurance

banking-occ · OCC · Rule · Published 1996-10-04 · Effective 1996-12-31 · 61 FR 51777

Document

Document number
96-25158
Federal Register citation
61 FR 51777
CFR reference
12 CFR 2
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1996-10-04
Effective date
1996-12-31
Treasury docket
Docket No. 96-22

Abstract

The Office of the Comptroller of the Currency (OCC) is revising its regulation governing national bank sales of credit life insurance and the disposition of credit life insurance income. This final rule is another component of the OCC's Regulation Review Program to update and streamline OCC regulations, focus regulations on key safety and soundness concerns and agency objectives, and eliminate requirements that impose unnecessary regulatory burdens on national banks. The final rule eliminates unnecessarily detailed provisions, reorganizes the rule into a more helpful format, and refocuses the regulation to better address areas presenting potential safety and soundness and conflict of interest issues.

Source

Authoritative
Federal Register document
Machine
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