NY S04282

Receivers cannot void transfers made under federal home loan bank security agreements in the ordinary course of business unless made with actual intent to hinder, delay, or defraud the insurer-member or creditors.

Receivers cannot void federal home loan bank stock redemptions or repurchases made within four months of formal delinquency proceedings or with prior receiver approval.

Federal home loan banks must provide within ten days a process and timeline for releasing excess collateral, paying fees, managing deposits, and redeeming or repurchasing required stock upon receiver request.

Federal home loan banks may offer options to renew or restructure advances to defer prepayment fees when requested by a receiver, subject to market conditions and regulatory compliance.

Federal home loan banks cannot be stayed, enjoined, or prohibited from exercising rights or enforcing obligations under security agreements with insurer-members, and receivers cannot disavow or reject such agreements.