§ 796.5. What are the penalties for violating these special post-employment restrictions?
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/us/cfr/t12/s§ 796.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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. [70 FR 72703, Dec. 7, 2005, as amended at 80 FR 57289, Sept. 23, 2015]
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§ 796.5
What are the penalties for violating these special post-employment restrictions?
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