12 CFR 617.7515
§ 617.7515 How does the FCA decide whether to issue a directive?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 617.7515, § 617.7515 How does the FCA decide whether to issue a directive?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47952
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Full text
After the closing date of the qualified lender's response period, or following receipt of the qualified lender's response, FCA must decide if there is sufficient information to support the issuance of a directive or if additional information is necessary. Once FCA has received sufficient information, it must decide whether to issue a directive as originally proposed or as modified.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.