AB 1781 - Expands Agreements Between Insurers and Federal Home Loan Banks - California Key Vote

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Title: Expands Agreements Between Insurers and Federal Home Loan Banks

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Title: Expands Agreements Between Insurers and Federal Home Loan Banks

Vote Smart's Synopsis:

Vote to pass a bill that expands agreements between insurers and federal home loan banks in California.

Highlights:

  • 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

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