1. Regulations
  2. title 12
  3. chapter III
  4. part 308
  5. subpart E
  6. § 308.117

View all text of Subpart E [§ 308.115 - § 308.118]

§ 308.117 - Effective date of, and payment under, an order to pay.

If the respondent both requests a hearing and serves an answer, civil penalties assessed pursuant to this subpart are due and payable 60 days after an order to pay, issued after the hearing or upon default, is served upon the respondent, unless the order provides for a different period of payment. Civil penalties assessed pursuant to an order to pay issued upon consent are due and payable within the time specified therein.

AUTHORITY: 5 U.S.C. 504, 554-557; 12 U.S.C. 93(b), 164, 505, 1464, 1467(d), 1467a, 1468, 1815(e), 1817, 1818, 1819, 1820, 1828, 1829, 1829(b), 1831i, 1831m(g)(4), 1831

SOURCE: 56 FR 37975, Aug. 9, 1991, unless otherwise noted.

CITE AS: 12 CFR 308.117