12 CFR 617.7500
§ 617.7500 What is a directive used for and what may it require?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 617.7500, § 617.7500 What is a directive used for and what may it require?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47949
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Full text
(a) A distressed loan restructuring directive is an order issued to a qualified lender when FCA has determined that the lender has violated section 4.14A of the Act.
(b) A distressed loan restructuring directive requires the qualified lender to comply with the specific distressed loan restructuring requirements in the Act.
(c) A distressed loan restructuring directive is enforceable in the same manner and to the same extent as an effective and outstanding cease and desist order that has become final. Any violation of a distressed loan restructuring directive may result in FCA assessing civil money penalties or seeking a court order pursuant to section 5.31 or 5.32 of the Act.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.