12 C.F.R. § 253.7

Continuity of contract and safe harbor.

Last amended: 2023Year: 2026Length: 69 wordsSubsections: 2Official source

Cite as 12 C.F.R. § 253.7 (2026)

(a) The provisions of section 105(a)-(d) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(a)-(d), shall apply to any LIBOR contract for which the Board-selected benchmark replacement becomes the benchmark replacement pursuant to § 253.3(a) or (c). (b) Nothing in this part is intended to alter or modify the availability or effect of the provisions of section 105(e) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(e).

Cross-references to the US Code: 12:5804
Cross-references to the CFR: 253.3