Code of Federal Regulations · Section

§ 747.305 — Effectiveness Of Suspension Or Removal Until Completion Of Hearing

12 C.F.R. § 747.305

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Any notice of suspension or prohibition issued under § 747.303 and any order of removal or prohibition issued under § 747.304 will be effective upon service on the concerned party and will remain effective and outstanding until the completion of any hearing or appeal authorized under section 206(i) of the Act (12 U.S.C. 1786(i)) and this subpart, unless such notice of suspension or order of removal is terminated by the NCUA Board.

12 C.F.R. § 747.304 12 C.F.R. § 747.306

Authorizing Statute

Termination of insured credit union status; cease and desist orders; removal or suspension from office; procedure
12 U.S.C. § 1786
Flood insurance purchase and compliance requirements and escrow accounts
42 U.S.C. § 4012a
Powers of Board
12 U.S.C. § 1766
Appraisal independence requirements
15 U.S.C. § 1639e