[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR742.7]



[Page 609]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 742_REGULATORY FLEXIBILITY PROGRAM--Table of Contents

 

Sec. 742.7  What is the appeaI process?



    A credit union has 60 days from the date of the regional director's 

determination to revoke a credit union's RegFlex authority (in whole or 

in part) to appeal the action to NCUA's Supervisory Review Committee. 

The regional director's determination will remain in effect unless the 

Supervisory Review Committee issues a different determination. If the 

credit union is dissatisfied with the decision of the Supervisory Review 

Committee, the credit union has 60 days from the issuance of this 

decision to appeal to the NCUA Board.