Code of Federal Regulations · Section
§ 6.23 — Decision And Issuance Of A Prompt Corrective Action Directive
12 C.F.R. § 6.23
View:
(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]
Authorizing Statute
-
Authority to prescribe rules and regulations12 U.S.C. § 93a