Code of Federal Regulations · Section
§ 622.81 — Default
12 C.F.R. § 622.81
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If the subject individual fails to file a petition for a hearing, or fails to appear at a hearing, either in person or by an attorney, or fails to submit a written argument where oral argument has been waived, the notice shall remain in effect until the information, indictment, or complaint is finally disposed of and the order shall remain in effect until terminated by the Board.
Authorizing Statute
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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Mode of recovery28 U.S.C. § 2461
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Powers of Board12 U.S.C. § 2243