12 C.F.R. § 702.203

Current through April 30, 2024
Section 702.203 - Prompt corrective action for adequately capitalized new credit unions

Beginning on the effective date of classification, an adequately capitalized new credit union must increase the dollar amount of its net worth by the amount reflected in its approved initial or revised business plan in accordance with § 702.204(a)(2) , or in the absence of such a plan, in accordance with § 702.106 until it is well capitalized.

12 C.F.R. §702.203

84 FR 68781, 1/1/2022