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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�702.1
Authority, purpose, scope and other supervisory authority.
�702.2
Definitions

Subpart A--NET WORTH CLASSIFICATION

�702.101
Measures and effective date of net worth classification.
�702.102
Statutory net worth categories.
�702.103
Applicability of risk-based net worth requirement.
�702.104
Risk portfolios defined.
�702.105
Weighted-average life of investments.
�702.106
Standard calculation of risk-based net worth requirement.
�702.107
Alternative components for standard calculation.
�702.108
Risk mitigation credit.
Appendix
Appendixes A-H to Subpart A of Part 702
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Subpart B--MANDATORY AND DISCRETIONARY SUPERVISORY ACTIONS

�702.201
Prompt corrective action for ''adequately capitalized'' credit unions.
�702.202
Prompt corrective action for ''undercapitalized'' credit unions.
�702.203
Prompt corrective action for ''significantly undercapitalized'' credit unions.
�702.204
Prompt corrective action for ''critically undercapitalized'' credit unions
�702.205
Consultation with State officials on proposed prompt corrective action.
�702.206
Net worth restoration plans.
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Subpart C--ALTERNATIVE PROMPT CORRECTIVE ACTION FOR NEW CREDIT UNIONS

�702.301
Scope and definition.
�702.302
Net worth categories for new credit unions.
�702.303
Prompt corrective action for ''adequately capitalized'' new credit unions.
�702.304
Prompt corrective action for ''moderately capitalized,'' ''marginally capitalized'' or ''minimally capitalized'' new credit unions.
�702.305
Prompt corrective action for ''uncapitalized'' new credit unions.
�702.306
Revised business plans for new credit unions.
�702.307
Incentives for new credit unions.
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Subpart D--RESERVES

�702.401
Reserves.
�702.402
Full and fair disclosure of financial condition.
�702.403
Payment of dividends.
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