CUNA Regulatory Comment Call
February 16, 2001
Electronic Records Preservation(NOT A MAJOR RULE)
The NCUA Board voted to seek comments on a proposed rule clarifying that credit unions may preserve their records in electronic form, as authorized by the Electronic Signatures in Global and National Commerce Act. The appendix for the rule also adds record retention guidelines found in the NCUA Accounting Manual for Credit Unions. In addition, this proposal eliminates the requirement that a credit union's financial officer be responsible for storing vital records, and it permits a credit union's board of directors to designate another employee to serve that function. The proposal was published in the Federal Register on February 23, 2001 and comments are due April 24, 2001. Please submit your comments to CUNA by April 9, 2001.
Please feel free to fax your responses to CUNA at 202-371-8240; e-mail them to Associate General Counsel Mary Dunn at firstname.lastname@example.org or to Assistant General Counsel Michelle Profit at email@example.com; or mail them to Mary or Michelle c/o CUNA's Regulatory Advocacy Department, 805 15th Street, NW, Suite 300, Washington, DC 20005. For the current version of this proposal please press below. http://ncua.gov/RegulationsOpinionsLaws/proposed_regs/12CFRPart749-proposed.html
QUESTIONS REGARDING THE PROPOSED RULE
- Should CUNA support this proposal? Please explain.
Eric Richard General Counsel (202) 508-6742 firstname.lastname@example.org |
Mary Mitchell Dunn SVP & Associate General Counsel (202) 508-6736 email@example.com
Jeffrey Bloch Assistant General Counsel (202) 508-6732 firstname.lastname@example.org
Catherine Orr Senior Regulatory Counsel (202) 508-6743 email@example.com