12 C.F.R. § 796.5

Current through November 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