12 C.F.R. PART 702--PROMPT CORRECTIVE ACTION
TITLE 12--Banks and Banking
CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION
SUBCHAPTER A--REGULATIONS AFFECTING CREDIT UNIONS
PART 702--PROMPT CORRECTIVE ACTION
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| Authority, purpose, scope and other supervisory authority.
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Subpart A--NET WORTH CLASSIFICATION
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| Measures and effective date of net worth classification.
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| Statutory net worth categories.
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| Applicability of risk-based net worth requirement.
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| Weighted-average life of investments.
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| Standard calculation of risk-based net worth requirement.
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| Alternative components for standard calculation.
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Subpart B--MANDATORY AND DISCRETIONARY SUPERVISORY ACTIONS
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| Prompt corrective action for ''adequately capitalized'' credit unions.
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| Prompt corrective action for ''undercapitalized'' credit unions.
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| Prompt corrective action for ''significantly undercapitalized'' credit unions.
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| Prompt corrective action for ''critically undercapitalized'' credit unions
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| Consultation with State officials on proposed prompt corrective action.
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| Net worth restoration plans.
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Subpart C--ALTERNATIVE PROMPT CORRECTIVE ACTION FOR NEW CREDIT UNIONS
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| Net worth categories for new credit unions.
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| Prompt corrective action for ''adequately capitalized'' new credit unions.
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| Prompt corrective action for ''moderately capitalized,'' ''marginally capitalized'' or ''minimally capitalized'' new credit unions.
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| Prompt corrective action for ''uncapitalized'' new credit unions.
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| Revised business plans for new credit unions.
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| Incentives for new credit unions.
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Subpart D--RESERVES
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| Full and fair disclosure of financial condition.
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