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Electronic Code of Federal Regulations

e-CFR data is current as of January 16, 2020

Title 12Chapter XPart 1012Subpart D → §1012.236


Title 12: Banks and Banking
PART 1012—SPECIAL RULES OF PRACTICE (REGULATION L)
Subpart D—Adjudicatory Proceedings


§1012.236   Notice of proceedings to withdraw a State's certification.

A proceeding pursuant to §1010.505 of this chapter is commenced by issuance and service of a notice which shall contain:

(a) An identification of the state certification to which the notice applies.

(b) A clear and concise statement of material facts, sufficient to inform the respondent with reasonable definiteness of the basis for the Director's determination, pursuant to §1010.505, that the State's laws, regulations and the administration thereof, taken as a whole, no longer meet the requirements of subpart C of part 1010.

(c) A notice of hearing rights of the state under §1012.237 and of the procedures for invoking those rights.

(d) A notice that failure to file an answer conforming to the requirements of §1081.201(b) and (c) will result in an order suspending the State's certification.

[76 FR 79524, Dec. 21, 2011, as amended at 81 FR 29119, May 11, 2016]

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