---
kind: "section"
citation: "12 C.F.R. § 747.3005"
title: "12"
number: "747.3005"
heading: "Enforcement of directives."
url: "https://uscodex.org/cfr/12/747.3005"
---

# §747.3005. Enforcement of directives.

- (a) **Judicial remedies.** Whenever a corporate credit union fails to comply with a directive imposing a discretionary supervisory action, or enforcing a mandatory supervisory action under [§ 704.4](/cfr/12/704.4.md) of this chapter, the Board may seek enforcement of the directive in the appropriate United States District Court pursuant to [12 U.S.C. 1786(k)(1)](/usc/12/1786.md?p=k-1).
- (b) **Administrative remedies—**
  - (1) **Failure to comply with directive.** Pursuant to [12 U.S.C. 1786(k)(2)(A)](/usc/12/1786.md?p=k-2-A), the Board may assess a civil money penalty against any corporate credit union that violates or otherwise fails to comply with any final directive issued under [§ 704.4](/cfr/12/704.4.md) of this chapter, or against any institution-affiliated party of a corporate credit union (per [12 U.S.C. 1786(r)](/usc/12/1786.md?p=r)) who participates in such violation or noncompliance.
  - (2) **Failure to implement plan.** Pursuant to [12 U.S.C. 1786(k)(2)(A)](/usc/12/1786.md?p=k-2-A), the Board may assess a civil money penalty against a corporate credit union which fails to implement a capital restoration plan under [§ 704.4(e)](/cfr/12/704.4.md?p=e) of this chapter, regardless whether the plan was published.
- (c) **Other enforcement action.** In addition to the actions described in paragraphs [(a)](#a) and [(b)](#b) of this section, the Board may seek enforcement of the directives issued under [Section 704.4](/cfr/12/704.4.md) of this chapter through any other judicial or administrative proceeding authorized by law.

## 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.