12 CFR 747.401

§ 747.401 Scope.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 747.401, § 747.401 Scope, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48878
Permanent ID: ys:prov:48878@1
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Full text

The rules and procedures set forth in this subpart and subpart A of this part are applicable to proceedings by the NCUA Board pursuant to section 120(b)(1) of the Act (12 U.S.C. 1766(b)(1)) to suspend or revoke the charter of a solvent Federal credit union, and to place a solvent Federal credit union into involuntary liquidation. To the extent a rule or procedure set forth in subpart A of this part is inconsistent with a rule or procedure set forth in this subpart E, subpart E shall control.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.