Fla. Admin. Code R. 69U-110.062 (2026)
Capitalization Criteria for Conservatorship or Involuntary Liquidation Actions
The office may take action to have a credit union placed into a conservatorship or involuntary liquidation upon finding that, among other reasons, the credit union is significantly undercapitalized or undercapitalized, and has no reasonable prospect of becoming adequately capitalized. The criteria for such determination of capitalization shall be as defined in the net worth categories contained in 12 U.S.C. §1790d(c) (2018), http://www.flrules.org/Gateway/reference.asp?No=Ref-13206, and 12 C.F.R. Part 702 (1-1-2020 Edition), http://www.flrules.org/Gateway/reference.asp?No=Ref-13207, which are incorporated by reference. This material is also available on the OFR’s website, www.flofr.gov.
Rulemaking Authority 655.012(2), 657.062(1)(c), 657.063(1) FS. Law Implemented 657.062, 657.063 FS. History–New 3-6-07, Amended 6-28-21.
Effective: 6/28/2021.