12 CFR 313.89
§ 313.89 Date of decision.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 313.89, § 313.89 Date of decision, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46333
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Full text
The hearing official shall issue a written opinion stating his or her decision as soon as practicable, but not later than sixty (60) days after the date on which the request for such hearing was received by the FDIC. If the FDIC is unable to provide the debtor with a hearing and decision within sixty (60) days after the receipt of the request for such hearing:
(a) The FDIC may not issue a withholding order until the hearing is held and a decision rendered; or
(b) If the FDIC had previously issued a withholding order to the debtor's employer, the withholding order will be suspended beginning on the 61st day after the date the FDIC received the hearing request and continuing until a hearing is held and a decision is rendered.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.