Federal Deposit Insurance Corporation August 3, 2021 – Federal Register Recent Federal Regulation Documents

Simplification of Deposit Insurance Rules
Document Number: 2021-15732
Type: Proposed Rule
Date: 2021-08-03
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation is seeking comment on proposed amendments to its regulations governing deposit insurance coverage. The proposed rule would simplify the deposit insurance regulations by establishing a ``trust accounts'' category that would provide for coverage of deposits of both revocable trusts and irrevocable trusts, and provide consistent deposit insurance treatment for all mortgage servicing account balances held to satisfy principal and interest obligations to a lender.