12 CFR 263.61
§ 263.61 Opportunity for informal proceeding.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 263.61, § 263.61 Opportunity for informal proceeding, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45613
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Full text
In the sole discretion of the Board's General Counsel, the General Counsel may, prior to the issuance by the Board of a notice of assessment of civil penalty, advise the affected person that the issuance of a notice of assessment of civil penalty is being considered and the reasons and authority for the proposed assessment. The General Counsel may provide the person an opportunity to present written materials or request a conference with members of the Board's staff to show that the penalty should not be assessed or, if assessed, should be reduced in amount.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.