Title: Expands Agreements Between Insurers and Federal Home Loan Banks
Signed by Governor Gavin Newsom
Title: Expands Agreements Between Insurers and Federal Home Loan Banks
Vote to pass a bill that expands agreements between insurers and federal home loan banks in California.
Prohibits a Federal Home Loan Bank (FHLB) from being stayed, enjoined, or prohibited from exercising or enforcing any right or cause of action against collateral pledged by an insurer-member under any FHLB security agreement (Sec. 2).
Prohibits a receiver, rehabilitator, liquidator, or conservator from voiding any transfer of, or any obligation to transfer, money or other property arising under or in connection with any FHLB security agreement with an insurer-member (Sec. 2).
Title: Expands Agreements Between Insurers and Federal Home Loan Banks
Title: Expands Agreements Between Insurers and Federal Home Loan Banks