{"data":{"id":"us/12-cfr-253.7","jurisdiction":"us","citation":"12 CFR 253.7","heading":"Continuity of contract and safe harbor.","body":"(a) The provisions of section 105(a)-(d) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(a)-(d), shall apply to any LIBOR contract for which the Board-selected benchmark replacement becomes the benchmark replacement pursuant to § 253.3(a) or (c).\n(b) Nothing in this part is intended to alter or modify the availability or effect of the provisions of section 105(e) of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5804(e).","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 253—REGULATIONS IMPLEMENTING THE ADJUSTABLE INTEREST RATE (LIBOR) ACT (REGULATION ZZ)"],"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":"e23ab68465a5b7af35bdae90c5022317041612452fa693386fdcb6f90ae88386","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-253.6","next":"us/12-cfr-appendix-a-to-part-253"},"notice":"GroundRules: Original legal text. Not legal advice."}