12 CFR 617.7520
§ 617.7520 How does the FCA issue a directive and when will it be effective?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 617.7520, § 617.7520 How does the FCA issue a directive and when will it be effective?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47953
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Full text
A distressed loan restructuring directive is effective immediately on receipt by the qualified lender, or on such later date as may be specified by FCA, and will remain effective and enforceable until it is stayed, modified, or terminated by FCA.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.