North Dakota Administrative Code
Title 13 - Department of Financial Institutions
Article 13-03 - Credit Unions
Chapter 13-03-25 - Supervisory Committee Audits and Verifications
Section 13-03-25-07 - Sanctions for failure to comply with this chapter

1. The commissioner to reject the supervisory committee audit and provide a reasonable opportunity to correct deficiencies;

2. The commissioner to impose the remedies available in section 13-03-25-08, provided any of the conditions specified therein is present; and

3. The national credit union administration board to seek formal administrative sanctions against the supervisory committee or its independent, compensated auditor, or both, pursuant to section 206(r) of the Federal Credit Union Act [ 12 U.S.C. 1786(r) ].