FDIC Changes Deposit Insurance Rules For Mortgage Loan Securitizations
The Emergency Economic Stabilization Act of 2008 (the "Act") temporarily increased the standard maximum deposit insurance amount from $100,000 to $250,000, effective October 3, 2008, and ending December 31, 2009. After that date, barring further action by Congress and the President, the standard maximum deposit insurance amount will return to $100,000.
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