Code of Federal Regulations · Section
§ 747.3006 — Conservatorship Or Liquidation Of Critically Undercapitalized Corporate Credit Union
12 C.F.R. § 747.3006
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Notwithstanding any other provision of this title, the NCUA may, without any administrative due process, immediately place into conservatorship or liquidation any corporate credit union that has been categorized as critically undercapitalized.
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