OR HB2129

Courts are prohibited from staying or blocking Federal Home Loan Banks from exercising rights to collateral pledged by insurer-members undergoing delinquency proceedings

Federal Home Loan Banks must repurchase outstanding capital stock exceeding an insurer-member's minimum investment requirement when exercising collateral rights, if permissible under applicable laws and consistent with practices applied to all members

Within 10 business days of a receiver's request, Federal Home Loan Banks must establish processes for releasing excess collateral, paying fees, operating accounts, and redeeming stock

Receivers cannot void transfers of money or property made under Federal Home Loan Bank security agreements in the ordinary course of business, unless the transfer was made with intent to defraud

Declared an emergency measure, taking effect immediately upon passage and applying to delinquency proceedings beginning on or after the effective date