# 12 C.F.R. § 747.206 (2026): Consent to termination of insured status

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_206

## Section

- **Citation:** 12 C.F.R. § 747.206 (2026)
- **Heading:** Consent to termination of 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 / § 747.206: § 747.206   Consent to termination of insured status.

## Text

Unless the credit union appears at the hearing designated in the notice of hearing by a duly authorized representative, it will be deemed to have consented to the termination of its status as an insured credit union. In the event the credit union fails to so appear at such hearing, the administrative law judge shall forthwith report the matter to the NCUA Board and the NCUA Board may thereupon issue an order terminating the credit union's insured status.

## 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_206. Check the current official text before relying on it. Not legal advice.