Text
Title 12: Banks and Banking
CHAPTER I: COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
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 bank; or
(3) Seek additional information or clarification of the response from the bank, or any other relevant source.
(b) [Reserved]
Sponsored links