§1790d. Prompt corrective action — Inbound Citations
12 U.S.C. § 1790d
Cited by 10 provisions in release 119-102.
Citations to 12 U.S.C. § 1790d as a whole
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(F) the credit union is significantly undercapitalized, as defined in section 1790d of this title, and has no reasonable prospect of becoming adequately capitalized, as defined in section 1790d of this title; or
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(G) the credit union is critically undercapitalized, as defined in section 1790d of this title.
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(1) The Board may in its discretion apply to the United States district court, or the United States court of any territory within the jurisdiction of which the principal office of the credit union is located, for the enforcement of any effective and outstanding notice or order issued under this section or section 1790d of this title, and such courts shall have jurisdiction and power to order and require compliance therewith. However, except as otherwise provided in this section or section 1790d of this title, no court shall have jurisdiction to affect by injunction or otherwise the issuance or enforcement of any notice or order under this section or section 1790d of this title or to review, modify, suspend, terminate, or set aside any such notice or order.
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(i) the credit union is significantly undercapitalized, as defined in section 1790d of this title, and has no reasonable prospect of becoming adequately capitalized, as defined in section 1790d of this title; or
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(ii) the credit union is critically undercapitalized, as defined in section 1790d of this title; and
Citations to §1790d(c)
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(i) The terms “well capitalized” and “adequately capitalized” have the same meanings as in section 1790d(c) of this title.
Citations to §1790d(c)(1)(A)
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(2) 1.75 times the minimum net worth required under section 1790d(c)(1)(A) of this title for a credit union to be well capitalized.
Citations to §1790d(l)
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(C) In the case of a State-chartered insured credit union, the authority conferred by subparagraphs (F) and (G) of paragraph (1) may not be exercised unless the Board has complied with section 1790d(l) of this title.
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(B) in the case of a State-chartered insured credit union, the Board has complied with section 1790d(l) of this title.