Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-03 - Credit Unions
Chapter 13-03-17 - Excess Deposit Insurance
Section 13-03-17-03 - Notice of termination of insurance

N.D. Admin. Code 13-03-17-03

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Current through Supplement No. 395, January, 2025
Section 13-03-17-03 - Notice of termination of insurance

If an excess deposit insurance policy is terminated, either at the request of the credit union or the insurance company, the credit union must notify in writing all members covered by such excess deposit insurance at least ninety days prior to the effective date of termination. The credit union must allow any member affected by the policy termination to withdraw the deposit without the assessment of any fee or early withdrawal penalty.

N.D. Admin Code 13-03-17-03

Effective October 1, 1994.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-06-06