---
kind: "section"
citation: "12 C.F.R. § 747.3001"
title: "12"
number: "747.3001"
heading: "Scope."
url: "https://uscodex.org/cfr/12/747.3001"
---

# §747.3001. Scope.

- (a) **Independent review process.** The rules and procedures set forth in this subpart apply to corporate credit unions which are subject to discretionary supervisory actions under [§ 704.4](/cfr/12/704.4.md) of this chapter and to reclassification under [§ 704.4(d)(3)](/cfr/12/704.4.md?p=d-3) of this chapter to facilitate prompt corrective action, and to senior executive officers and directors of such corporate credit unions who are dismissed pursuant to a discretionary supervisory action imposed under [§ 704.4](/cfr/12/704.4.md) of this chapter. [Section 747.3002](/cfr/12/747.3002.md) of this subpart provides an independent appellate process to challenge such decisions.
- (b) **Notice to State officials.** With respect to a State-chartered corporate credit union under §§ [747.3002](/cfr/12/747.3002.md), [747.3003](/cfr/12/747.3003.md) and [747.3004](/cfr/12/747.3004.md) of this subpart, any notices, directives and decisions on appeal served upon a corporate credit union, or a dismissed director or officer thereof, by the NCUA will also be served upon the appropriate State official. Responses, requests for a hearing and to present witnesses, requests to modify or rescind a discretionary supervisory action and requests for reinstatement served upon the NCUA by a corporate credit union, or any dismissed director or officer of a corporate credit union, will also be served upon the appropriate State official.

## Notes

### Source

Source: 75 FR 64860, Oct. 20, 2010, unless otherwise noted.

### 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.