12 USC 4618 - Notice of classification and enforcement action

U.S Code last checked for updates: Nov 22, 2024

§ 4618.

Notice of classification and enforcement action

(a)

Notice

(b)

Applicability

The requirements of subsection (a) shall apply to the following actions:

(1)

Classification or reclassification of a regulated entity within a particular capital classification under section 4614 of this title.

(2)

Any discretionary supervisory action pursuant to section 4615 of this title.

(3)

Any discretionary supervisory action pursuant to section 4616 of this title except a decision to appoint a conservator under section 4616(b)(6) 1

 See References in Text note below.

of this title.

Notice of classification under paragraph (1) and notice of supervisory actions under paragraph (2) or (3) may be provided together in a single notice under subsection (a).

(c)

Response period

(1)

In general

(2)

Extended period

(3)

Shortened period

(4)

Failure to respond

(d)

Consideration of information and determination

(e)

Effective date of actions

(Pub. L. 102–550, title XIII, § 1368, Oct. 28, 1992, 106 Stat. 3980; Pub. L. 110–289, div. A, title I, § 1145(b)(1), July 30, 2008, 122 Stat. 2767.)

cite as: 12 USC 4618