[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: 12CFR747.40]

[Page 550-551]
 
                       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
 
           Subpart A--Uniform Rules of Practice and Procedure
 
Sec. 747.40  Review by the NCUA Board.

    (a) Notice of submission to NCUA Board. When the NCUA Board 
determines that the record in the proceeding is complete, the NCUA Board 
shall serve notice upon the parties that the

[[Page 551]]

proceedings has been submitted to the NCUA Board for final decision.
    (b) Oral argument before NCUA Board. Upon the initiative of the NCUA 
Board or on the written request of any party filed with the NCUA Board 
within the time for filing exceptions, the NCUA Board may order and hear 
oral argument on the recommended findings, conclusions, decision, and 
order of the administrative law judge. A written request by a party must 
show good cause for oral argument and state reasons why arguments cannot 
be presented adequately in writing. A denial of a request for oral 
argument may be set forth in the NCUA Board's final decision. Oral 
argument before the NCUA Board must be on the record.
    (c) Final Decision of NCUA Board. (1) Decisional employees may 
advise and assist the NCUA Board in the consideration and disposition of 
the case. The final decision of the NCUA Board will be based upon review 
of the entire record of the proceeding, except that the NCUA Board may 
limit the issues to be reviewed to those findings and conclusions to 
which opposing arguments or exceptions have been filed by the parties.
    (2) The NCUA Board shall render a final decision within 90 days 
after notification of the parties that the case has been submitted for 
final decision, or 90 days after oral argument, whichever is later, 
unless the NCUA Board orders that the action or any aspect thereof be 
remanded to the administrative law judge for further proceedings. Copies 
of the final decision and order of the NCUA Board shall be served upon 
each party to the proceeding, upon other persons required by statute, 
and, if directed by the NCUA Board or required by statute, upon any 
appropriate state or Federal supervisory authority.