[Code of Federal Regulations]
[Title 12, Volume 6]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR747.0]

[Page 532-533]
 
                       TITLE 12--BANKS AND BANKING
 
            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION
 
PART 747--ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS--Table of Contents
 
Sec. 747.0  Scope of part 747.

    (a) This part describes the various formal and informal adjudicative 
actions and non-adjudicative proceedings available to the National 
Credit Union Administration Board (``NCUA Board''), the grounds for 
those actions and proceedings, and the procedures used in formal and 
informal hearings related to each available action. As mandated by 
section 916 of the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989 (``FIRREA'') (12 U.S.C. 1818 note), this part 
incorporates uniform rules of practice and procedure governing formal 
adjudications generally, as well as proceedings involving cease-and-
desist actions, assessment of civil money penalties, and removal, 
prohibition and suspension actions. In addition, the Uniform Rules are 
incorporated in other subparts of this part which provide for formal 
adjudications. The administrative actions and proceedings described 
herein, as well as the grounds and hearing procedures for each, are 
controlled by sections 120(b) (except where the Federal credit union is 
closed due to insolvency), 202(a)(3) and 206 of the Federal Credit Union 
Act (``the Act''), 12 U.S.C. 1766(b), 1782(a)(3), 1786. Should any 
provision of this part be inconsistent with these or any other 
provisions of the Act, as amended, the Act shall control. Judicial 
enforcement of any action or order described in this part, as well as 
judicial review thereof, shall be as prescribed under the Act (12 U.S.C. 
1751 et seq.) and the Administrative Procedure Act (5 U.S.C. 500 et 
seq.).

[[Page 533]]

    (b) As used in this part, the term insured credit union means any 
Federal credit union or any state chartered credit union insured under 
subchapter II of the Act unless the context indicates otherwise.

[56 FR 37767, Aug. 8, 1991; 57 FR 523, Jan. 7, 1992]