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Prompt Corrective Action
Law
CFR 12
Banks and Banking
National Credit Union Administration
Regulations Affecting Credit Unions
Capital Adequacy
Prompt Corrective Action
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Section
702.101
Capital measures, capital adequacy, effective date of classification, and notice to NCUA.
Section
702.102
Capital classification.
Section
702.103
Applicability of risk-based capital measures.
Section
702.104
Risk-based capital ratio.
Section
702.105
Derivative contracts.
Section
702.106
Prompt corrective action for adequately capitalized credit unions.
Section
702.107
Prompt corrective action for undercapitalized credit unions.
Section
702.108
Prompt corrective action for significantly undercapitalized credit unions.
Section
702.109
Prompt corrective action for critically undercapitalized credit unions.
Section
702.110
Consultation with state officials on proposed prompt corrective action.
Section
702.111
Net worth restoration plans (NWRP).
Section
702.112
Reserves.
Section
702.113
Full and fair disclosure of financial condition.
Section
702.114
Payment of dividends.