Code of Federal Regulations · Section
§ 19.195 — Incompetence
12 C.F.R. § 19.195
Incompetence in the representation of a client's rights and interests in a significant matter before the OCC is grounds for suspension or debarment. The term “incompetence” encompasses conduct that reflects a lack of the knowledge, judgment, and skill that a professional would ordinarily and reasonably be expected to exercise in adequately representing the rights and interests of a client. Such conduct includes, but is not limited to:
(a) Handling a matter that the individual knows or should know that they are not competent to handle, without associating with a professional who is competent to handle such matter;
(b) Handling a matter without adequate preparation under the circumstances; or
(c) Neglect in a matter entrusted to him or her.
Authorizing Statute
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Mode of recovery28 U.S.C. § 2461
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Costs and fees of parties5 U.S.C. § 504
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Registration requirements for securities15 U.S.C. § 78l
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Violation of provisions of chapter12 U.S.C. § 93
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Practice before the Department31 U.S.C. § 330
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a