{"data":{"id":"us/12-cfr-1266.15","jurisdiction":"us","citation":"12 CFR 1266.15","heading":"Liquidation of advances upon termination of membership.","body":"If an institution's membership in a Bank is terminated, the Bank shall determine an orderly schedule for liquidating any indebtedness of such member to the Bank; this section shall not require a Bank to call any such indebtedness prior to maturity of the advance. The Bank shall deem any such liquidation a prepayment of the member's indebtedness, and the member shall be subject to any fees applicable to such prepayment.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER D—FEDERAL HOME LOAN BANKS","PART 1266—ADVANCES","Subpart A—Advances to Members"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"f0de3c8d6fbcdf53a2caa46fe242e440cd71d579d570b837fb9d708b58a92ee0","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1266.14","next":"us/12-cfr-1266.16"},"notice":"GroundRules: Original legal text. Not legal advice."}