1. Regulations
  2. title 12
  3. chapter I
  4. part 6
  5. subpart B
  6. § 6.23

View all text of Subpart B [§ 6.20 - § 6.25]

§ 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]

AUTHORITY: 12 U.S.C. 93a, 1831o, 5412(b)(2)(B).

SOURCE: 78 FR 62275, Oct. 11, 2013, unless otherwise noted.

CITE AS: 12 CFR 6.23