§ 617.7520. How does the FCA issue a directive and when will it be effective?
40 words·~1 min read·
/us/cfr/t12/s§ 617.7520·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.