29 CFR § 2580.412-7 - Statutory provision—scope of the bond.

---
identifier: "/us/cfr/t29/s2580.412-7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 2580.412-7 - Statutory provision—scope of the bond."
title_number: 29
title_name: "Labor"
section_number: "2580.412-7"
section_name: "Statutory provision—scope of the bond."
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"
---


# 2580.412-7 Statutory provision—scope of the bond.

The statute requires that the bond shall provide protection to the plan against loss by reason of acts of fraud or dishonesty on the part of a plan administrator, officer, or employee, directly or through connivance with others.