OR HB2781

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 the minimum investment requirement when exercising collateral rights against a delinquent insurer-member, subject to good faith determinations of permissibility

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 intended to defraud creditors

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