---
kind: "section"
citation: "12 C.F.R. § 747.301"
title: "12"
number: "747.301"
heading: "Scope."
url: "https://uscodex.org/cfr/12/747.301"
---

# §747.301. Scope.


The rules and procedures set forth in this subpart are applicable to informal proceedings conducted by the NCUA Board, or a Presiding Officer designated by the Board, pursuant to section 206(i) of the Act ([12 U.S.C. 1786(i)](/usc/12/1786.md?p=i)), to suspend, remove and/or prohibit from office or from further participation any institution-affiliated party of an insured credit union who:

- (a) Is charged in a state, Federal or territorial information or indictment or complaint with committing or participating in a crime involving dishonesty or breach of trust, which crime is punishable by imprisonment for a term exceeding one year under state or Federal law; or
- (b) Enters a pretrial diversion or other similar program as result of being charged in such information or indictment or complaint with participating or committing such crime; or
- (c) **Is convicted of such crime.**

## Notes

### Amendments

[56 FR 37767, Aug. 8, 1991; 57 FR 523, Jan. 7, 1992]

### 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; 57 FR 523, Jan. 7, 1992]