07-EA-07: NCUA: Records Preservation Program

On March 27, 2007, the National Credit Union Administration (NCUA) published a proposed rule related to federally insured credit unions' obligation to maintain a records preservation program. The proposed rule amends Parts 748 and 749 of the NCUA's Rules and Regulations by clarifying requirements for preserving vital records and the meaning of “catastrophic act,” recommending items for consideration in restoring vital member services, and adding a new appendix comprised of recommended guidelines.

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