§ 5112 Net Worth Certificate Definition

• •A 'net worth certificate' is a special paper from a group that follows certain federal rules.
• •This paper is given out based on a law called the Federal Deposit Insurance Act.
• •The rules for this paper are made by the Federal Deposit Insurance Corporation.

Imagine you have a savings account at a bank.

If the bank is part of a group that follows federal rules, they might give you a special paper called a 'net worth certificate' to show your account is protected under those rules.