12 U.S.C. 1787: Payment of insurance

2014

• Pub. L. 113–252, §2(1), inserted ", or to any person with funds lawfully held in a member account," after "payable to any member" and struck out "and paragraphs (5) and (6)" after "this paragraph". Law text · (k)
• Pub. L. 113–252, §2(2), struck out "(as determined under paragraph (5))" after "insurance amount". Law text · (k)
• Pub. L. 113–252, §2(3), (4), added par. (5) and redesignated former par. (5) as (6). Law text · (k), (6)

2010

• Pub. L. 111–203, §343(b)(3)(A), struck out cl. (i) designation and heading, substituted "Subject to the provisions of paragraph (2), the net amount" for "Subject to clause (ii) and the provisions of paragraph (2), the net amount", and struck out cls. (ii) and (iii) which related … (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (k)
• Pub. L. 111–203, §343(b)(1)(A), designated existing provisions as cl. (i), inserted heading, substituted "Subject to clause (ii) and the provisions of paragraph (2), the net amount" for "Subject to the provisions of paragraph (2), the net amount", and added cls. (ii) and (iii). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (k)
• Pub. L. 111–203, §343(b)(3)(B), substituted "subparagraph (A)" for "subparagraph (A)(i)". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (k)
• Pub. L. 111–203, §343(b)(1)(B), substituted "subparagraph (A)(i)" for "subparagraph (A)". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (k)
• Pub. L. 111–203, §335(b), substituted "$250,000" for "$100,000". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (k)

2008

• Pub. L. 110–289 substituted "bridge depository institution" for "bridge bank". (Housing and Economic Recovery Act of 2008) Law text · (c)

2006

• Pub. L. 109–351, §720(b), added subpar. (K). (Financial Services Regulatory Relief Act of 2006) Law text · (b)
• Pub. L. 109–351, §722(b), designated existing provisions as cl. (i), inserted cl. heading, substituted "Except as provided in clause (ii), after the end of the 6-year period" for "After the end of the 6-year period", and added cl. (ii). (Financial Services Regulatory Relief Act of 2006) Law text · (b)
• Pub. L. 109–351, §726(21), inserted "and" after semicolon. (Financial Services Regulatory Relief Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(a)(2)(A), substituted "a mortgage loan," for "a mortgage loan, or" after "certificate of deposit," and inserted before semicolon at end "(whether or not such repurchase or reverse repurchase transaction is a 'repurchase agreement', as defined in clause … (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(a)(2)(B), inserted "(including by novation)" after "the guarantee" and "(whether or not such settlement is in connection with any agreement or transaction referred to in subclauses (I) through (XII) (other than subclause (II))" before semicolon at end. (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(a)(2)(D), (E), added subcls. (VI) and (VII) and redesignated former subcl. (VI) as (VIII). Former subcl. (VIII) redesignated (X). (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(a)(2)(D), redesignated subcl. (VII) as (IX). Former subcl. (IX) redesignated (XI). (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(a)(2)(C), substituted "(VIII), (IX), or (X)" for "or (VIII)" in two places. (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(a)(2)(D), redesignated subcls. (VIII) to (X) as (X) to (XII), respectively. (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(b)(2), substituted "or reverse repurchase transaction (whether or not such repurchase or reverse repurchase transaction is a 'repurchase agreement', as defined in clause (v))" for "transaction, reverse repurchase transaction". (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(c)(2)(C), substituted in concluding provisions "the Gramm-Leach-Bliley Act, the Legal Certainty for Bank Products Act of 2000, the securities laws (as such term is defined in section 3(a)(47) of the Securities Exchange Act of 1934) and the Commodity Exchan… (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(c)(2)(A), substituted ", precious metals, or other commodity" for "or precious metals" and "weather swap, option, future, or forward agreement; an emissions swap, option, future, or forward agreement; or an inflation swap, option, future, or forward agr… (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §2(c)(2)(B), inserted "or other derivatives" after "dealings in the swap" and substituted "future, option, or spot transaction" for "future, or option". (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §3(b), added cl. (ix). (Financial Netting Improvements Act of 2006) Law text · (c)
• Pub. L. 109–390, §6(b), added cls. (ii) and (iii) and struck out former cl. (ii) which defined walkaway clause. (Financial Netting Improvements Act of 2006) Law text · (c), (iii)
• Pub. L. 109–351, §718(b), which directed addition of subpar. (C) to subsec. (c)(12), was executed to par. (13) to reflect the probable intent of Congress because par. (12) does not contain subpars. and par. (12) was redesignated (13) by Pub. L. 109–8, §904(b)(1). See 2005 Amendm… (Financial Services Regulatory Relief Act of 2006) Law text · (c)
• Pub. L. 109–351, §721(b), added par. (3) and struck out former par. (3) which related to resolution of dispute and adjudication of claims. (Financial Services Regulatory Relief Act of 2006) Law text · (d)
• Pub. L. 109–351, §726(22), which directed substitution of "with" for "to" in heading, could not be executed because there is no subpar. (A) heading after the amendment by Pub. L. 109–351, §721(b). See above. (Financial Services Regulatory Relief Act of 2006) Law text · (d)
• Pub. L. 109–351, §721(b), added par. (4) and struck out former pars. (4) and (5) which related to review of the Board's final determination and the statute of limitations. (Financial Services Regulatory Relief Act of 2006) Law text · (d), (5)
• Pub. L. 109–351, §726(23), substituted "category of claimants." for "category or claimants." in last sentence. (Financial Services Regulatory Relief Act of 2006) Law text · (f)
• Pub. L. 109–173, §2(d)(1)(A), inserted subsec. heading. (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k)
• Pub. L. 109–173, §2(d)(1)(A), added par. (1) and struck out former par. (1) which read as follows: "Subject to the provisions of paragraph (2), for the purposes of this subsection, the term 'insured account' means the total amount of the account in the member's name (after deducting… (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k)
• Pub. L. 109–173, §2(d)(1)(B)(ii)–(iv), inserted par. heading, added subpar. (A), substituted subpar. (B) designation, heading, and introductory provisions for former subpar. (A) designation and introductory provisions which read "Notwithstanding any limitation in this chapter or in … (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k)
• Pub. L. 109–173, §2(d)(1)(B)(i), substituted period for semicolon at end of cl. (v), realigned margins of cls. (i) to (v), and struck out concluding provisions which read as follows: "his account shall be insured in an amount not to exceed $100,000 per account." (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k)
• Pub. L. 109–173, §2(d)(2), substituted " '$250,000 (which amount shall be subject to inflation adjustments as provided under section 1821(a)(1)(F) of this title, except that $250,000 shall be substituted for $100,000 wherever such term appears in such section)' " for "$100,000". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k)
• Pub. L. 109–173, §2(d)(1)(C), added pars. (4) and (5). (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k), (5)

2005

• Pub. L. 109–8, §901(h)(2)(A)(i), substituted "paragraphs (9) and (10)" for "paragraph (12)" in introductory provisions. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(h)(2)(A)(ii), substituted "such person has to cause the termination, liquidation, or acceleration" for "to cause the termination or liquidation". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(h)(2)(A)(iii), added cl. (ii) and struck out former cl. (ii) which read as follows: "any right under any security arrangement relating to any contract or agreement described in clause (i); or". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(i)(2), inserted "section 91 of this title or any other Federal or State law relating to the avoidance of preferential or fraudulent transfers," before "the Board". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(a)(2)(A), substituted "subsection, the following definitions shall apply:" for "subsection—" in introductory provisions. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(a)(2)(B), inserted ", resolution, or order" after "any similar agreement that the Board determines by regulation". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(b)(2), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: "The term 'securities contract'— (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(c)(2), amended heading and text of cl. (iii) generally. Prior to amendment, text read as follows: "The term 'forward contract' has the meaning given to such term in section 101 of title 11." (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(d)(2), amended heading and text of cl. (iv) generally. Prior to amendment, text read as follows: "The term 'repurchase agreement'— (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(e)(2), amended heading and text of cl. (v) generally. Prior to amendment, text read as follows: "The term 'transfer' has the meaning given to such term in section 101 of title 11." (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(f)(2), added cl. (vi). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §905(b), added cl. (vii). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(g)(2), added cl. (viii). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §902(b)(1)(A), substituted "other than subsections (b)(9) and (c)(10)" for "other than paragraph (12) of this subsection, subsection (b)(9)" in introductory provisions. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §901(h)(2)(B), added cl. (ii) and struck out former cl. (ii) which read as follows: "any right under any security arrangement relating to such qualified financial contracts; or". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §902(b)(1)(B), added subpars. (F) and (G). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c), (G)
• Pub. L. 109–8, §908(b), added subpar. (H). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §903(b)(1), reenacted heading without change and amended text generally. Prior to amendment, text related to the transfer of qualified financial contracts, claims, and property of a credit union in default. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §903(b)(2), substituted concluding provisions for former concluding provisions which read as follows: "the conservator or liquidating agent shall use such conservator's or liquidating agent's best efforts to notify any person who is a party to any such contract of… (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §903(b)(3), added subpars. (B) and (C) and redesignated former subpar. (B) as (D). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §904(b)(2), added par. (11). Former par. (11) redesignated (12). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §904(b)(1), redesignated par. (11) as (12). Former par. (12) redesignated (13). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §902(b)(2), inserted "or the exercise of rights or powers by" after "the appointment of". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
• Pub. L. 109–8, §904(b)(1), redesignated pars. (12) and (13) as (13) and (14), respectively. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c), (14)
• Pub. L. 109–8, §904(b)(3), added par. (15). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)

1998

• Pub. L. 105–219, §301(b)(2)(A), substituted "itself" for "himself". (Credit Union Membership Access Act) Law text · (a)
• Pub. L. 105–219, §301(b)(2)(B), added par. (3). (Credit Union Membership Access Act) Law text · (a)

1994

• Pub. L. 103–394 substituted "section 741" for "section 741(7)" in cl. (ii)(I), "section 101" for "section 101(24)" in cl. (iii), "section 101" for "section 101(41)" in cl. (iv)(I), and "section 101" for "section 101(50)" in cl. (v). · (c)

1990

• Pub. L. 101–647, §2521(a)(2), added subpars. (G) and (H). Former subpar. (G) redesignated (I). · (b), (H)
• Pub. L. 101–647, §2534(b), added subpar. (I). Former subpar. (I) redesignated (J). · (b)
• Pub. L. 101–647, §2521(a)(2), redesignated subpar. (G) as (I). · (b)
• Pub. L. 101–647, §2534(b), redesignated subpar. (I) as (J). · (b)
• Pub. L. 101–647, §2528(b), added par. (16). · (b)
• Pub. L. 101–647, §2526(b), added subsec. (q). · (q)
• Pub. L. 101–647, §2532(d), added subsec. (r). · (r)

1989

• Pub. L. 101–73, §1217(a)(1), redesignated par. (3) as (2) and struck out former par. (2) which detailed the duties of the Board in serving as liquidating agent for bankrupt or insolvent credit unions. · (a), (3)
• Pub. L. 101–73, §1217(a)(3), (4), added subsec. (b) and redesignated former subsec. (b) as (j). · (b)
• Pub. L. 101–73, §1217(a)(3), (4), added subsec. (c) and redesignated former subsec. (c) as (k). · (c)
• Pub. L. 101–73, §1217(a)(2), (4), added subsec. (d) and struck out former subsec. (d) which provided for subrogation by the Board to all rights of a member against a closed credit union to the extent of the Board's payment to the member. · (d)
• Pub. L. 101–73, §1217(a)(3), (4), added subsecs. (e) to (i) and redesignated former subsecs. (e) to (i) as (l) to (p), respectively. · (e), (f), (g), (h), (i)
• Pub. L. 101–73, §1217(a)(2), (3), redesignated former subsec. (b) as (j) and struck out former subsec. (j) which provided that the power of the Board respecting liquidations was subject to the Board's own regulations or to regulations of other public authorities. · (j)
• Pub. L. 101–73, §1217(a)(3), (5), redesignated former subsec. (c) as (k) and in par. (1), struck out first and fifth sentences which provided that, whenever an insured credit union was closed for liquidation on account of bankruptcy or insolvency, the Board was to pay insured accounts … · (k)
• Pub. L. 101–73, §915(c), inserted "may investigate said claims under section 1786(p) of this title," after "before paying the insured accounts," in last sentence. · (k)
• Pub. L. 101–73, §1217(a)(3), redesignated former subsecs. (e) to (i) as (l) to (p), respectively. · (l), (m), (n), (o), (p)

1987

• Pub. L. 100–86, §714(a), designated existing provisions as subpar. (A) and added subpar. (B). · (a)
• Pub. L. 100–86, §714(b), redesignated former section 1788(c) of this title as subsec. (j) of this section and substituted "subject only to the regulation of the Board, or, in cases where the Board has been appointed liquidating agent solely by a public authority having jurisdiction ove… · (j)

1986

• Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954" wherever appearing, which for purposes of codification was translated as "title 26" thus requiring no change in text. · (c)

1980

• Pub. L. 96–221 substituted "$100,000" for "$40,000". · (c)

1979

• Pub. L. 96–153 added cl. (v). · (c)

1978

• Pub. L. 95–630, §502(b), substituted "Board" for "Administrator" wherever appearing, "it" for "he" and "him", and "its" for "his", where appropriate. · (a), (b)
• Pub. L. 95–630, §§502(b), 1401(c), substituted in pars. (1) and (2) "Board" for "Administrator" wherever appearing and "it" and "its" for "he" and "his", respectively, where appropriate, and added par. (3). · (c)
• Pub. L. 95–630, §502(b), substituted "Board" for "Administrator" wherever appearing, and "it" and "its" for "him" and "his", respectively, where appropriate. · (d), (e), (f), (g), (h), (i)

1974

• Pub. L. 93–495, §§101(c)(1), (2), 104(a), redesignated existing provisions as par. (1), substituted "Subject to the provisions of paragraph (2), for the purposes of this subsection" for "For the purposes of this subsection", and substituted "$40,000" for "$20,000". As enacted sectio… · (c)
• Pub. L. 93–495, §101(c)(3), added par. (2). · (c)