§ 1504.103 - General oversight—informal sanctions.

(a) If the request for needed information is not satisfied, as per § 1504.102(c), the OFI may—as an alternative to or in addition to issuing an administrative subpoena—withhold any regulatory approval or monitoring action to which the needed information relates.

(b) The director of the OFI office responsible for the specific regulatory approval or monitoring action and in need of the information withheld or the Deputy Federal Inspector where appropriate may, after consultation with the General Counsel, withhold such approval or action, as per § 1504.103(a).

(c) Delays associated with the OFI withholding approval or action, as per paragraph (a) of this section, will be attributed to the recalcitrant entity, to which the unsatisfied but valid information request had been made.