12 CFR 6.23
§ 6.23 Decision and issuance of a prompt corrective action directive.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 6.23, § 6.23 Decision and issuance of a prompt corrective action directive, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/42941
- Permanent ID
ys:prov:42941@1- SHA-256
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Full text
(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]
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.