Review of order to dismiss a director or senior executive officer.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) That a request for reinstatement (including a request for a hearing) shall be filed with the NCUA Board within 14 calendar days after the Respondent receives the directive and notice under paragraph (a) of this section, unless the NCUA Board grants the Respondent's request for further time; (2) The reasons for dismissal of the Respondent; and (3) That the Respondent's failure to— (i) Request reinstatement shall be deemed a waiver of any right to seek reinstatement; (ii) Request a hearing shall be deemed a waiver of any right to a hearing; and (iii) Request the opportunity to present witness testimony shall be deemed a waiver of the right to present such testimony. (c) (1) Explain why the Respondent should be reinstated; (2) Include any relevant information, mitigating circumstances, documentation, or other evidence in support of the Respondent's position; (3) If desired, request an informal hearing before the NCUA Board under this section; and (4) If a hearing is requested, identify any witness whose testimony the Respondent wishes to present and the general nature of each witness's expected testimony. (d) (e) (2) The informal hearing shall be recorded, and a transcript shall be furnished to the Respondent upon request and payment of the cost thereof. Witnesses need not be sworn, unless specifically requested by a party or the presiding officer. The presiding officer may ask questions of any witness. (3) The presiding officer may order that the hearing be continue

official document · source cfr-2024 · id 12:§ 747.2004