12 CFR 747.15

§ 747.15 Opportunity for informal settlement.

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

Cite this

Citation: 12 CFR 747.15, § 747.15 Opportunity for informal settlement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48827
Permanent ID: ys:prov:48827@1
SHA-256: 0ce019d51cbe46eadf7b2c60682b1060d7cf9591dfcb4abcac18be7ff393aa06

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Full text

Any respondent may, at any time in the proceeding, unilaterally submit to Enforcement Counsel written offers or proposals for settlement of a proceeding, without prejudice to the rights of any of the parties. Any such offer or proposal may only be made to Enforcement Counsel. Submission of a written settlement offer does not provide a basis for adjourning or otherwise delaying all or any portion of a proceeding under this part. No settlement offer or proposal, or any subsequent negotiation or resolution, is admissible as evidence in any proceeding.

Legislative history

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