29 CFR § 2580.412-28 - Conditions of exemption.

---
identifier: "/us/cfr/t29/s2580.412-28"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 2580.412-28 - Conditions of exemption."
title_number: 29
title_name: "Labor"
section_number: "2580.412-28"
section_name: "Conditions of exemption."
chapter_name: "EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF LABOR"
subchapter_number: "I"
subchapter_name: "TEMPORARY BONDING RULES UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974"
part_number: "2580"
part_name: "TEMPORARY BONDING RULES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 505, Pub. L. 93-406, 88 Stat. 894 (29 U.S.C. 1135); sec. 412(e), Pub. L. 93-406, 88 Stat. 889 (29 U.S.C. 1112)."
regulatory_source: "28 FR 14403, Dec. 27, 1963, unless otherwise noted. Redesignated at 50 FR 26706, June 28, 1985."
cfr_part: "2580"
---


# 2580.412-28 Conditions of exemption.

This exemption applies only to those banking institutions and trust companies subject to regulation and examination by the Comptroller of the Currency or the Board of Governors of the Federal Reserve System, or the Federal Deposit Insurance Corporation.