Code of Federal Regulations · Section
§ 747.401 — Scope
12 C.F.R. § 747.401
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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.
Authorizing Statute
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Powers of Board12 U.S.C. § 1766
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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Appraisal independence requirements15 U.S.C. § 1639e