12 CFR 24.7
§ 24.7 Examination, records, and remedial action.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 24.7, § 24.7 Examination, records, and remedial action, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43275
- Permanent ID
ys:prov:43275@1- SHA-256
94228d7a529eb4f0b71e27992bf3ea30f4dbc26525dfe912415016f2b08a5f72
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Examination. National bank investments under this part are subject to the examination provisions of 12 U.S.C. 481.
(b) Records. Each national bank shall maintain in its files information adequate to demonstrate that its investments meet the standards set out in § 24.3 of this part, including, where applicable, the criteria of § 25.23 of appendix G to 12 CFR part 25, and that the bank is otherwise in compliance with the requirements of this part.
(c) Remedial action. If the OCC finds that an investment under this part is in violation of law or regulation, is inconsistent with the safe and sound operation of the bank, or poses a significant risk to a Federal deposit insurance fund, the national bank shall take appropriate remedial action as determined by the OCC.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.