12 C.F.R. § 796.5

Current through September 30, 2024
Section 796.5 - What are the penalties for violating these special post-employment restrictions?
(a)Penalties under section 1786(w)(5) of the Act. An NCUA senior examiner who violates the post-employment restrictions set forth in § 796.3 can be:
(1) Removed from participating in the affairs of the relevant credit union and prohibited from participating in the affairs of any federally insured credit union for a period of up to five years; and, alternatively, or in addition,
(2) Assessed a civil monetary penalty up to the amount specified in § 747.1001 of this chapter.
(b)Other penalties. The penalties in paragraph (a) of this section are not exclusive, and a senior examiner who violates the restrictions in § 796.3 also may be subject to other administrative, civil, and criminal remedies and penalties as provided in law.

12 C.F.R. §796.5

70 FR 72703, Dec. 7, 2005, as amended at 80 FR 57289, Sept. 23, 2015