# 12 CFR § 1510.1: Authority, purpose, and scope

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.1

## Section

- **Citation:** 12 CFR § 1510.1
- **Heading:** Authority, purpose, and scope
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER XV—DEPARTMENT OF THE TREASURY > SUBCHAPTER B—RESOLUTION FUNDING CORPORATION > PART 1510—RESOLUTION FUNDING CORPORATION OPERATIONS

## Text

(a) Authority. This part is issued under the authority of section 14(d) of the Homeowners Protection Act of 1998 (Public Law 105-216, 112 Stat. 910) and section 21B(l) of the Federal Home Loan Bank Act (12 U.S.C. 1441b(l)).
(b) Purpose and scope. The purpose of this part is to provide direction to the Funding Corporation in carrying out its statutory mandate to make interest payments on its outstanding debt obligations. This part also provides direction to the Funding Corporation regarding funding the administrative costs of its operations. This part does not provide direction to the Funding Corporation, however, on activities that the Funding Corporation is authorized to carry out under the Act, but that it previously has completed or is not likely to undertake in the future, such as raising capital and issuing obligations. Although the Funding Corporation continues to have statutory authority to undertake these activities, the circumstances under which it would do so are limited. If such circumstances were to arise, the Secretary has the authority to provide any necessary direction to the Funding Corporation.
(c) Authority of the Funding Corporation. The Funding Corporation may exercise all authority granted to it by the Act in accordance with its bylaws, whether or not specifically implemented by regulation, subject to the requirements of this part and such other regulations, orders and directions as the Secretary may prescribe.

## Nearby sections

- [12 CFR § 1510.1 § 1510.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.1.md)
- [12 CFR § 1510.2 § 1510.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.2.md)
- [12 CFR § 1510.3 § 1510.3 How does the Funding Corporation pay administrative expenses?](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.3.md)
- [12 CFR § 1510.4 § 1510.4 Who may act as the depositary and fiscal agent for the Funding Corporation?](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.4.md)
- [12 CFR § 1510.5 § 1510.5 How does the Funding Corporation make interest payments on its obligations?](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.5.md)
- [12 CFR § 1510.6 § 1510.6 What must the Funding Corporation do with surplus funds?](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.6.md)
- [12 CFR § 1510.7 § 1510.7 What are the Funding Corporation's reporting requirements?](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.7.md)
- [12 CFR § 1510.8 § 1510.8 What are the audit requirements for the Funding Corporation?](https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.8.md)
- [12 CFR § 1511.0 § 1511.0 Applicability.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1511.0.md)
- [12 CFR § 1511.1 § 1511.1 Definitions of terms.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1511.1.md)
- [12 CFR § 1511.2 § 1511.2 Law governing rights and obligations of the Funding Corporation and Federal Reserve Banks; rights of any Person against the Funding Corporation and the Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1511.2.md)
- [12 CFR § 1511.3 § 1511.3 Law governing other interests.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1511.3.md)
- [12 CFR § 1511.4 § 1511.4 Creation of Participant's Security Entitlement; security interests.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1511.4.md)
- [12 CFR § 1511.5 § 1511.5 Obligations of Funding Corporation; no adverse claims.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1511.5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1510.1. Check the current official text before relying on it. Not legal advice.