§ 6.23. Decision and issuance of a prompt corrective action directive.
64 words·~1 min read·
/us/cfr/t12/s§ 6.23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)OCC consideration of response. After considering the response, the OCC may:
(1)Issue the directive as proposed or in modified form;
(2)Determine not to issue the directive and so notify the national bank or Federal savings association; or
(3)Seek additional information or clarification of the response from the national bank or Federal savings association, or any other relevant source.
(b)[Reserved]