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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VII - National Credit Union Administration |
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SubChapter B - Regulations Affecting the Operations of the National Credit Union Administration |
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Part 796 - Post-Employment Restrictions for Certain NCUA Examiners |
§ 796.4 - When do these special restrictions become effective and may they be waived?
Latest version.
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§ 796.4 When do these special restrictions become effective and may they be waived?
The post-employment restrictions in section 1786(w) of the Act and § 796.3 do not apply to any current or former NCUA employee, if:
(a) The individual ceased to be an NCUA employee on or before December 17, 2005; or
(b) The Chairman of the NCUA Board certifies in writing and on a case-by-case basis that granting the senior examiner a waiver of the restrictions would not affect the integrity of the NCUA's supervisory program.