Code of Federal Regulations · Section
§ 308.302 — Determination And Notification Of Failure To Meet A Safety And Soundness Standard And Request For Compliance Plan
12 C.F.R. § 308.302
(a) Determination. The FDIC may, based upon an examination, inspection or any other information that becomes available to the FDIC, determine that a bank or state savings association has failed to satisfy the safety and soundness standards set out in part 364 of this chapter and in the Interagency Guidelines Establishing Standards for Safety and Soundness in appendix A and the Interagency Guidelines Establishing Information Security Standards in appendix B to part 364 of this chapter.
(b) Request for compliance plan. If the FDIC determines that a bank or state savings association has failed a safety and soundness standard pursuant to paragraph (a) of this section, the FDIC may request, by letter or through a report of examination, the submission of a compliance plan and the bank or state savings association shall be deemed to have notice of the request three days after mailing of the letter by the FDIC or delivery of the report of examination.
Authorizing Statute
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Mode of recovery28 U.S.C. § 2461
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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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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Costs and fees of parties5 U.S.C. § 504