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Interpretive Rulings and Policy Statements

The following table provides links to CURRENTLY EFFECTIVE Interpretive Rulings & Policy Statements (IRPS) issued by NCUA. The IRPS listed in the table contain guidance and information from NCUA to credit unions. Credit unions should be familiar with IRPS as the information contained in each IRPS can impact the operations of a credit union.

Generally, NCUA withdraws an IRPS once it becomes unnecessary, outdated, or is replaced by a regulation published in the Code of Federal Regulations or a new IRPS.

Interpretive Rulings and Policy Statements
Number Subject Regulation Date
IRPS 19-1 (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) Exceptions to Employment Restrictions Under Section 205(d) of the Federal Credit Union Act ("Second Chance IRPS") 12 CFR Chapter VII 11/21/2019
IRPS 15-1 Regulatory Flexibility Act Threshold 12 CFR Part 791 11/23/2015
IRPS 13-1 (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) Minority Depository Institution Preservation Program 80 FR 36356 3/27/2024
IRPS 11-2 (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) Chartering Corporate Credit Unions 12 CFR Part 704 2/24/2011
IRPS 11-1 Supervisory Review Committee (76 Fed. Reg. 23871 (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) ), as amended by IRPS 12-1 (77 Fed. Reg. 32004 (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) ) 12 CFR Chapter VII 1/20/2011
IRPS 10-1 Rule Change for IRPS 08-2 12 CFR Part 701 6/25/2010
IRPS 08-2 Service to Underserved Areas 12 CFR Part 701 12/2/2008
IRPS 06-1 Organization and Operations of Federal Credit Unions 12 CFR Part 701 6/22/2006
IRPS 03-3 Qualified Financial Contracts 12 CFR Part 709
68. Fed. Reg. 61735
10/30/2003
IRPS 02-3 Allowance for Loan and Lease Losses Methodologies and Documentation for Federally Insured Credit Unions 67. Fed. Reg.37445 5/29/2002
IRPS 01-2 Central Liquidity Facility Advance Policy 12 CFR Part 725 4/26/2001
IRPS 98-2 Supervisory Policy Statement on Investment Securities and End-User Derivatives Activities 12 CFR Chapter VII
63. Fed. Reg. 24097
5/1/1998
IRPS 87-2 Developing and Reviewing Government Regulations (52 Fed. Reg. 35213),
as amended by IRPS 03-2 (68 Fed. Reg. 31949) and 15-1 (80 Fed. Reg. 57512)
52 Fed. Reg. 35213
68 Fed. Reg. 31949
80 Fed. Reg. 57512
9/18/1987
5/29/2003
9/24/2015
IRPS 87-1 Guidelines for Compliance with Federal Bank Bribery Law 52 Fed. Reg. 38821 10/19/1987
IRPS 86-1 General Policy on Sharing Confidential Supervisory Information with State 12 CFR Chapter VII
51 Fed. Reg. 16292
5/2/1986
IRPS 85-2 Repurchase Agreements of Depository Institutions with Securities, Dealers and Others 50 Fed. Reg. 48372 11/25/1985
IRPS 83-1 Truth in Lending; Enforcement Guidelines and Restitution Review Procedures 12 CFR Chapter VII
48 Fed. Reg. 7159
2/18/1983
IRPS 82-4 State Unclaimed Property Laws 12 CFR Chapter VII
47 Fed. Reg. 53325
11/26/1982
IRPS 81-7 Sale-and-Leaseback Arrangements 12 CFS Chapter VII
46 Fed. Reg. 46303
9/18/1981
IRPS 81-3 State Chartered Federally Insured Credit Unions as "Most Favored Lenders" 12 CFR Part 741
46 Fed. Reg. 24153
4/30/1981
IRPS 80-8 Return of Capital Upon Withdrawal from Membership in CLF 12 CFR 725
45 Fed. Reg. 47119
7/14/1980
IRPS 80-2 National Environmental Policy Act 12 CFR Chapter VIII
45 Fed. Reg. 12211
2/25/1980
IRPS 80-1 Disclosure of Statutory Enforcement Actions 45 Fed. Reg. 6648 1/29/1980
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