A respondent must pay civil money penalties assessed pursuant to subpart A of this part within 60 days after the issuance of the notice of assessment unless the OCC requires a different time for payment. A respondent that has made a timely request for a hearing to challenge the assessment of the penalty is not required to pay the penalty until the OCC has issued a final order of assessment. In these instances, the respondent must pay the penalty within 60 days of service of the order unless the OCC requires a different time for payment.
authority: 5 U.S.C. 504,
554;
12 U.S.C. 93,
93a,
161,
164,
481,
504,
1462a,
1463,
1464; 1467(d), 1467a(r), 1817(j), 1818, 1820, 1831m, 1831o, 1832, 1884, 1972, 3102, 3108, 3110, 3349, 3909, 4717, and 5412(b)(2)(B);
15 U.S.C. 78
source: 88 FR 89842, Dec. 28, 2023, unless otherwise noted.
cite as: 12 CFR 19.102