12 C.F.R. § 747.202 Grounds for termination of insurance.
Title 12 - Banks and Banking
The NCUA Board may institute proceedings to terminate the insured status of an insured credit union whenever it determines that an insured credit union is: (a) Engaging or has engaged in unsafe or unsound practices in conducting its business; (b) In unsafe or unsound condition to continue as an insured credit union; or (c) Violating or has violated any applicable law, rule, regulation, order, written condition imposed by the NCUA Board in response to any application or request of the credit union, or any written agreement entered into with the NCUA Board.
Title 12: Banks and Banking
PART 747—ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS
Subpart C—Local Rules and Procedures Applicable to Proceedings for the Involuntary Termination of Insured Status
§ 747.202 Grounds for termination of insurance.
