A credit union may enter into a reverse repurchase transaction subject to the limitation on borrowing contained in T.C.A. § 45-4-501(3) if the investments and deposits from the funds received have a maturity date not later than the future settlement date for the reverse repurchase transaction.

Authority: T.C.A. §§ 45-4-1001 and 45-4-501(3). Administrative History: Original rule filed September 11, 1980; effective October 27, 1980. Amendment filed December 28, 1983; effective March 16, 1984.