Source: https://www.law.cornell.edu/cfr/text/12/747.614
Timestamp: 2017-09-25 08:15:23
Document Index: 450436693

Matched Legal Cases: ['art 747', '§ 747', '§ 747', '§ 1766', '§ 1782', '§ 1784', '§ 1785', '§ 1786', '§ 1787', '§ 1790', '§ 1790', '§ 4012', 'art 747', 'art 747', 'arts 700', 'arts 740', 'arts 700']

12 CFR 747.614 - Recommended decision. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter VII › Subchapter A › Part 747 › Subpart G › Section 747.614
12 CFR 747.614 - Recommended decision.
§ 747.614 Recommended decision.
The administrative law judge shall file a recommended decision on the application with the NCUA Board within 60 days after completion of the proceedings on the application. The recommended decision shall include written findings and conclusions on the applicant's eligibility and status as a prevailing party, and an explanation of the reasons for any difference between the amount requested and the amount awarded. The recommended decision shall also include, if at issue, findings on whether NCUA's position was substantially justified, whether the applicant unduly protracted the proceedings, or whether special circumstances make an award unjust. If the applicant has sought an award against more than one agency, the recommended decision shall allocate responsibility for payment of any award made among the agencies, and shall explain the reasons for the allocation made. The administrative law judge shall file with and certify to the NCUA Board the record of the proceeding on the fee application, the recommended decision and proposed order. Promptly upon such filing, the NCUA Board shall serve upon each party to the proceeding a copy of the administrative law judge's recommended decision, findings, conclusions and proposed order. The provisions of this section and § 747.613 shall not apply, however, in any case where the hearing was held before the NCUA Board.
§ 1766 - Powers of Board
§ 1782 - Administration of insurance fund
§ 1784 - Examination of insured credit unions
§ 1785 - Requirements governing insured credit unions
§ 1786 - Termination of insured credit union status; cease and desist orders; removal or suspension from office; procedure
§ 1787 - Payment of insurance
§ 1790a - Board disapproval of directors, committee members, and senior executive officers of insured credit unions
§ 1790d - Prompt corrective action
§ 4012a - Flood insurance purchase and compliance requirements and escrow accounts
120 Stat. 1966
109-351
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 747 after this date.
82 FR 29710 - Civil Monetary Penalty Inflation Adjustment
FR Doc. 2017-13643
RIN 3133-AE67
Effective June 30, 2017.
12 CFR Part 747
On January 23, 2017, the NCUA Board (Board) published an interim final rule amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule finalizes those amendments.
82 FR 7637 - Civil Monetary Penalty Inflation Adjustment
FR Doc. 2017-00473
This interim final rule is effective January 23, 2017. Comments must be received on or before February 22, 2017.
81 FR 78028 - Civil Monetary Penalty Inflation Adjustment
FR Doc. 2016-26712
RIN 3133-AE59
Effective date: November 7, 2016.
On June 21, 2016, the NCUA Board (Board) published an interim final rule amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This final rule confirms those amendments while making a clarification regarding the prospective effect of the 2015 legislation.
81 FR 40152 - Civil Monetary Penalty Inflation Adjustment
FR Doc. 2016-14719
This interim final rule is effective July 21, 2016. Comments must be received on or before July 21, 2016.
2015-12-17; vol. 80 # 242 - Thursday, December 17, 2015
80 FR 78650 - Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations
FR Doc. 2015-31732
80 FR 66626 - Risk-Based Capital
FR Doc. 2015-26790
RIN 3133-AD77
This final rule is effective on January 1, 2019.
12 CFR Parts 700, 701, 702, 703, 713, 723, and 747
The NCUA Board (Board) is amending NCUA&apos;s current regulations regarding prompt corrective action (PCA) to require that credit unions taking certain risks hold capital commensurate with those risks. The risk-based capital provisions of this final rule apply only to federally insured, natural-person credit unions with assets over $100 million. The overarching intent is to reduce the likelihood of a relatively small number of high-risk outliers exhausting their capital and causing systemic losses—which, by law, all federally insured credit unions would have to pay through the National Credit Union Share Insurance Fund (NCUSIF). This final rule restructures NCUA&apos;s PCA regulations and makes various revisions, including amending the agency&apos;s current risk-based net worth requirement by replacing it with a new risk-based capital ratio for federally insured, natural-person credit unions (credit unions). The risk-based capital requirement set forth in this final rule is more consistent with NCUA&apos;s risk-based capital measure for corporate credit unions and, as the law requires, more comparable to the regulatory risk-based capital measures used by the Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System, and Office of the Comptroller of Currency (Other Banking Agencies). The effective date is intended to coincide with the full phase-in of FDIC&apos;s risk-based capital measures in 2019. The final rule also eliminates several provisions in NCUA&apos;s current PCA regulations, including provisions relating to the regular reserve account, risk-mitigation credits, and alternative risk weights.
80 FR 57284 - Civil Monetary Penalty Inflation Adjustment
FR Doc. 2015-24157
RIN 3133-AE56
This rule is effective September 23, 2015.
12 CFR Parts 740, 741, 747, and 796
The NCUA Board (Board) is amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996.
80 FR 4340 - Risk-Based Capital
FR Doc. 2015-00947
Comments must be received by April 27, 2015.
The NCUA Board (Board) is seeking comment on a second proposed rule that would amend NCUA&apos;s current regulations regarding prompt corrective action (PCA) to require that credit unions taking certain risks hold capital commensurate with those risks. The proposal would restructure NCUA&apos;s PCA regulations and make various revisions, including amending the agency&apos;s current risk-based net worth requirement by replacing the current risk-based net worth ratio with a new risk-based capital ratio for federally insured natural person credit unions (credit unions). The proposal would also, in response to public comments received, make a number of changes to the original proposed rule that the Board published in the Federal Register on February 27, 2014. These changes include, among other things, exempting credit unions with up to $100 million in total assets from the new rule, lowering the risk-based capital ratio level required for an affected credit union to be classified as well capitalized from 10.5 percent to 10 percent, lowering the risk weights for various classes of assets, removing interest rate risk components from the risk weights, and extending the implementation timeframe to January 1, 2019. These changes would substantially reduce the number of credit unions subject to the rule, reduce the impact on affected credit unions, and afford affected credit unions sufficient time to prepare for the rule&apos;s implementation. The proposed risk-based capital requirement set forth in this proposal would be more consistent with NCUA&apos;s risk-based capital measure for corporate credit unions and more comparable to the regulatory risk-based capital measures used by the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve, and Office of the Comptroller of Currency (Other Banking Agencies). In addition, the proposed revisions would amend the risk weights for many of NCUA&apos;s current asset classifications; require higher minimum levels of capital for credit unions with concentrations of assets in real estate loans or commercial loans or higher levels of non-current loans; and set forth how NCUA can address a credit union that does not hold capital that is commensurate with its risk. The proposed revisions would also eliminate several provisions in NCUA&apos;s current PCA regulations, including provisions relating to the regular reserve account, risk-mitigation credits, and alternative risk weights. (For clarity, the “current” PCA regulations would remain in force until the effective date of a final risk-based capital rule.)
2014-02-27; vol. 79 # 39 - Thursday, February 27, 2014
79 FR 11184 - Prompt Corrective Action—Risk-Based Capital
FR Doc. 2014-01702
Comments must be received on or before May 28, 2014.
The NCUA Board (Board) is proposing to amend NCUA&apos;s regulations regarding prompt corrective action (PCA) to restructure the part, and make various revisions, including replacing the agency&apos;s current risk-based net worth requirements with new risk-based capital requirements for federally insured “natural person” credit unions. The proposed risk-based capital requirements would be more consistent with NCUA&apos;s risk-based capital measure for corporate credit unions and the regulatory risk-based capital measures used by the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve, and Office of the Comptroller of Currency (Other Federal Banking Regulatory Agencies). In addition, the proposed revisions would revise the risk-weights for many of NCUA&apos;s current asset classifications; require higher minimum levels of capital for federally insured natural person credit unions with concentrations of assets in real estate loans, member business loans (MBLs) or higher levels of delinquent loans; and set forth the process for NCUA to require an individual federally insured natural person credit union to hold higher levels of risk-based capital to address unique supervisory concerns raised by NCUA. The proposed revisions would also eliminate several of NCUA&apos;s provisions, including provisions relating to regular reserve accounts, risk-mitigation credits, and alternative risk-weights.
78 FR 4026 - Definition of Troubled Condition
FR Doc. 2013-00863
RIN 3133-AD97
This rule is effective February 19, 2013.
12 CFR Parts 700, 701, 741, 747, and 750
The NCUA Board (Board) is issuing a final rule amending the definition of “troubled condition” as that term is used to trigger the statutory requirement to give the Board notice and an opportunity to disapprove a change of credit union officials, and as that term appears elsewhere in NCUA&apos;s regulations. Generally, the current definition allows only a state supervisory authority (SSA) to declare a federally insured, state-chartered credit union (FISCU) to be in “troubled condition.” The final rule amends the definition to allow either NCUA or an SSA to declare a FISCU in “troubled condition.” NCUA is adopting the amended definition of “troubled condition” as proposed.