12 CFR 6.23 - Decision and issuance of a prompt corrective action directive.

Regulations last checked for updates: Oct 17, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024

§ 6.23 - Decision and issuance of a prompt corrective action directive.

(a) OCC consideration of response. After considering the response, the OCC may:

(1) Issue the directive as proposed or in modified form;

(2) Determine not to issue the directive and so notify the national bank or Federal savings association; or

(3) Seek additional information or clarification of the response from the national bank or Federal savings association, or any other relevant source.

(b) [Reserved]

authority: 12 U.S.C. 93a,1831o,5412

source: 78 FR 62275, Oct. 11, 2013, unless otherwise noted.

cite as: 12 CFR 6.23