12 CFR § 721.5 - What limitations apply to a credit union engaging in activities approved under this part?
---
identifier: "/us/cfr/t12/s721.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 721.5 - What limitations apply to a credit union engaging in activities approved under this part?"
title_number: 12
title_name: "Banks and Banking"
section_number: "721.5"
section_name: "What limitations apply to a credit union engaging in activities approved under this part?"
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"
part_number: "721"
part_name: "INCIDENTAL POWERS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1757(17), 1766 and 1789."
regulatory_source: "66 FR 40857, Aug. 6, 2001, unless otherwise noted."
cfr_part: "721"
---
# 721.5 What limitations apply to a credit union engaging in activities approved under this part?
You must comply with any applicable NCUA regulations, policies, and legal opinions, as well as applicable state and federal law, if an activity authorized under this part is otherwise regulated or conditioned.