Federal Register #2026-22536

NCUA rule removes a provision on federal credit unions’ statutory lien authority

The National Credit Union Administration (NCUA) issued a final rule revising regulations on federal credit unions’ statutory lien authority. - Government buyer: NCUA; this is a regulatory action, not a procurement. - Rule change: Removes 12 CFR 701.39(a)(1), including language referring to exceptions provided by law, and renumbers the remaining paragraphs. - Effect: NCUA determined the removed language offered no practical guidance. Its removal does not change federal credit unions’ existing statutory lien authority or their obligation to follow applicable law. - OEMs and vendors: None identified. - Products and services: None requested.

Description

The National Credit Union Administration (NCUA) issued a final rule amending 12 CFR part 701 concerning federal credit unions’ statutory lien authority. The rule removes paragraph 701.39(a)(1), which contains the phrase “except as otherwise provided by law or except as otherwise provided by federal law.” NCUA stated that the language does not help credit unions determine whether applicable statutory or case law exists and has no material value. The final rule is effective December 4, 2026.

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