Code of Federal Regulations · Section
§ 747.406 — Cancellation Of Charter
12 C.F.R. § 747.406
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Upon the completion of the liquidation and certification by the agent for the liquidating agent that the distribution of the assets of the Federal credit union has been completed, the NCUA Board shall cancel the charter of the Federal credit union concerned.
Authorizing Statute
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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Powers of Board12 U.S.C. § 1766
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Appraisal independence requirements15 U.S.C. § 1639e