Term Asset-Backed Securities Loan Facility: Terms and Conditions1

Effective June 23, 2009
Printer verions Printer version
General Terms and Conditions

The TALF is a Federal Reserve credit facility authorized under section 13(3) of the Federal Reserve Act. The TALF is intended to make credit available to consumers and businesses on more favorable terms by facilitating the issuance of asset-backed securities (ABS) and improving the market conditions for ABS more generally.

General Terms and Conditions


Terms and conditions specific to newly issued non-mortgage-backed ABS follow below. This category of ABS includes securities backed by auto loans, student loans, credit card loans, equipment loans, floorplan loans, insurance premium finance loans, small business loans fully guaranteed as to principal and interest by the U.S. Small Business Administration, and receivables related to residential mortgage servicing advances (servicing advance receivables).

Non-Mortgage-Backed ABS


Terms and conditions specific to newly issued commercial mortgage-backed securities (CMBS) follow below.


By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close