---
kind: "section"
citation: "12 C.F.R. § 747.203"
title: "12"
number: "747.203"
heading: "Notice of charges."
url: "https://uscodex.org/cfr/12/747.203"
---

# §747.203. Notice of charges.

- (a) Whenever the NCUA Board determines that grounds for termination of insured status exists, it will, for the purpose of securing correction of errant or illegal conditions, serve a Notice of Charges upon the concerned credit union. This notice will contain a statement describing the unsafe or unsound practices, condition or the relevant violations.
- (b) In the case of an insured State-chartered credit union, the NCUA Board shall send a copy of the Notice of Charges to the appropriate State authority, if any, having supervision over the credit union.

## Notes

### Amendments

[56 FR 37767, Aug. 8, 1991, as amended at 75 FR 34622, June 18, 2010]

### Authority

Authority: 12 U.S.C. 1766, 1782, 1784, 1785, 1786, 1787, 1790a, 1790d; 15 U.S.C. 1639e; 42 U.S.C. 4012a; Pub. L. 101-410; Pub. L. 104-134; Pub. L. 109-351; Pub. L. 114-74.

### Source

Source: 56 FR 37767, Aug. 8, 1991, unless otherwise noted.

### Amendments

[56 FR 37767, Aug. 8, 1991, as amended at 75 FR 34622, June 18, 2010]