12 CFR 269b.121

§ 269b.121 Contents of answer.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 269b.121, § 269b.121 Contents of answer, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45818
Permanent ID: ys:prov:45818@1
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Full text

The answer shall contain: (a) A specific admission or denial, and where appropriate, explanation thereof; or if the respondent is without knowledge of the allegation, he shall so state and such statement shall operate as a denial. Admissions or denials may be to all or part of an allegation but shall be responsive to the substance of the allegation; (b) A specified, detailed statement of any affirmative defense; (c) A clear and concise statement of the facts and matters of law relied upon constituting the grounds of defense. Any allegation of the charge not denied in the answer may be deemed admitted and may be so found by the panel.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.