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CFR > Title 12 - Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS (parts 700 to 761) > PART 747—ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS > SUBPART D—Local Rules and Procedures Applicable to Suspensions and Prohibitions Where Felony Charged (§747.301 to §747.311) > 747.301—Scope.

CFR

747.301—Scope.

The rules and procedures set forth in this subpart are applicable to informal proceedings conducted by the NCUA Board, or a Presiding Officer designated by the Board, pursuant to section 206(i) of the Act (12 U.S.C. 1786(i) ), to suspend, remove and/or prohibit from office or from further participation any institution-affiliated party of an insured credit union who:
(a) Is charged in a state, Federal or territorial information or indictment or complaint with committing or participating in a crime involving dishonesty or breach of trust, which crime is punishable by imprisonment for a term exceeding one year under state or Federal law; or
(b) Enters a pretrial diversion or other similar program as result of being charged in such information or indictment or complaint with participating or committing such crime; or
(c) Is convicted of such crime.
Subpart A of this part does not apply to proceedings under this subpart.

Code of Federal Regulations

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