# 12 C.F.R. § 747.204 (2026): Notice of intention to terminate insured status

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_204

## Section

- **Citation:** 12 C.F.R. § 747.204 (2026)
- **Heading:** Notice of intention to terminate insured status
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter VII: NATIONAL CREDIT UNION ADMINISTRATION / Part 747: ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS / Subpart C: Local Rules and Procedures Applicable to Proceedings for the Involuntary Termination of Insured Status / § 747.204: § 747.204   Notice of intention to terminate insured status.

## Text

Unless correction of the practices, condition, or violations set forth in the Notice of Charges is made within 120 days after service of such statement, or within a shorter period of not less than 20 days after such service as the NCUA Board may require in any case where it determines that the insurance risk with respect to such credit union could be unduly jeopardized by further delay or as the appropriate State supervisory authority shall require in the case of an insured State-chartered credit union, the Board, if it determines to proceed further, shall give to the credit union not less than 30 days written notice of its intent to terminate the status of the credit union as an insured credit union. The notice shall contain a statement of the facts constituting the alleged unsafe or unsound practices or conditions or violations on which a hearing will be held. Such hearing shall commence not earlier than 30 days nor later than 60 days after the date of service of such notice upon the credit union, unless an earlier or later date is set by the NCUA Board at the request of the credit union.

## Nearby sections

- [12 C.F.R. § 747.201 (2026) § 747.201   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_201.md)
- [12 C.F.R. § 747.202 (2026) § 747.202   Grounds for termination of insurance.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_202.md)
- [12 C.F.R. § 747.203 (2026) § 747.203   Notice of charges.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_203.md)
- [12 C.F.R. § 747.204 (2026) § 747.204   Notice of intention to terminate insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_204.md)
- [12 C.F.R. § 747.205 (2026) § 747.205   Order terminating insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_205.md)
- [12 C.F.R. § 747.206 (2026) § 747.206   Consent to termination of insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_206.md)
- [12 C.F.R. § 747.207 (2026) § 747.207   Notice of termination of insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_207.md)
- [12 C.F.R. § 747.208 (2026) § 747.208   Duties after termination.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_208.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_204. Check the current official text before relying on it. Not legal advice.