12 CFR 747.309
§ 747.309 Decision of the NCUA Board.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 747.309, § 747.309 Decision of the NCUA Board, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48874
- Permanent ID
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Full text
Within 60 days following the hearing, or receipt of the subject individual's written submissions where hearing has been waived pursuant to § 747.308, the NCUA Board shall notify the institution-affiliated party whether the suspension or prohibition will be continued, terminated, or otherwise modified, or whether the order of removal or prohibition will be rescinded or otherwise modified. Such notification shall contain a statement of the basis for the decision of the NCUA Board, if that decision is adverse to the respondent party. In the case of a decision favorable to the respondent on the subject of a prior order of removal or prohibition, the NCUA Board shall take prompt action to rescind or otherwise modify the order of removal or prohibition.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.