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e-CFR data is current as of July 31, 2020

Title 12Chapter IPart 6Subpart B → §6.23


Title 12: Banks and Banking
PART 6—PROMPT CORRECTIVE ACTION
Subpart B—Directives To Take Prompt Corrective Action


§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]

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