12 CFR 796.5
§ 796.5 What are the penalties for violating these special post-employment restrictions?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 796.5, § 796.5 What are the penalties for violating these special post-employment restrictions?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49121
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Full text
(a) Penalties under section 1786(w)(5) of the Act. An NCUA senior examiner who violates the post-employment restrictions set forth in § 796.3 can be:
(1) Removed from participating in the affairs of the relevant credit union and prohibited from participating in the affairs of any federally insured credit union for a period of up to five years; and, alternatively, or in addition,
(2) Assessed a civil monetary penalty up to the amount specified in § 747.1001 of this chapter.
(b) Other penalties. The penalties in paragraph (a) of this section are not exclusive, and a senior examiner who violates the restrictions in § 796.3 also may be subject to other administrative, civil, and criminal remedies and penalties as provided in law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.