Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 6 - Prompt Corrective Action |
Subpart B - Directives To Take Prompt Corrective Action |
§ 6.23 - Decision and issuance of a prompt corrective action directive.
Latest version.
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§ 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]