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Code · CFR · Title 12 — Banks and Banking · Part 19 — Rules of Practice and Procedure · § 19.15

§ 19.15. Opportunity for informal settlement.

89 words·~1 min read·/us/cfr/t12/s§ 19.15·

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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.
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