§ 4521. Annual reports by Director
767 words·~3 min read·
/usc/title-12/section-4521A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General report The Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, not later than June 15 of each year, a written report, which shall include—
(1)a description of the actions taken, and being undertaken, by the Director to carry out this chapter;
(2)a description of the financial safety and soundness of each regulated entity, including the results and conclusions of the annual examinations of the regulated entities conducted under section 4517(a) of this title;
(3)any recommendations for legislation to enhance the financial safety and soundness of the regulated entities;
(4)a description of—
(A)whether the procedures established by each regulated entity pursuant to section 4012a(b)(3) of title 42 are adequate and being complied with, and
(B)the results and conclusions of any examination, as determined necessary by the Director, to determine the compliance of the regulated entities with the requirements of section 4012a(b)(3) of title 42, which shall include a description of the methods used to determine compliance and the types and sources of deficiencies (if any), and identify any corrective measures that have been taken to remedy any such deficiencies,
except that the information described in this paragraph shall be included only in each of the first, third, and fifth annual reports under this subsection required to be submitted after the expiration of the 1-year period beginning on September 23, 1994; and 1
(5)the assessment of the Board or any of its members with respect to—
(A)the safety and soundness of the regulated entities;
(B)any material deficiencies in the conduct of the operations of the regulated entities;
(C)the overall operational status of the regulated entities; and
(D)an evaluation of the performance of the regulated entities in carrying out their respective missions;
(6)operations, resources, and performance of the Agency; and
(7)such other matters relating to the Agency and the fulfillment of its mission.
(b)Report on enforcement actions Not later than March 15 of each year, the Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a written report describing, for the preceding calendar year, the requests by the Director to the Attorney General for enforcement actions under subchapter III and describing the disposition of each request, which shall include statements of—
(1)the total number of requests made by the Director;
(2)the number of requests that resulted in the commencement of litigation by the Department of Justice;
(3)the number of requests that did not result in the commencement of litigation by the Department of Justice;
(4)with respect to requests that resulted in the commencement of litigation—
(A)the number of days between the date of the request and the commencement of the litigation; and
(B)the number of days between the date of the commencement and termination of the litigation; and
(5)the number of litigation requests pending at the beginning of the calendar year, the number of requests made during the calendar year, the number of requests for which action was completed during the calendar year, and the number of requests pending at the end of the calendar year.
(Pub. L. 102–550, title XIII, § 1319B, Oct. 28, 1992, 106 Stat. 3950; Pub. L. 103–325, title V, § 529(c), Sept. 23, 1994, 108 Stat. 2267; Pub. L. 110–289, div. A, title I, §§ 1103(b), 1161(a)(6), July 30, 2008, 122 Stat. 2665, 2779.)
Connections31 cite this · traces to 3
Cited by 31 sections · top 28
register
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal rule
- Proposed RulesDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- Rules and RegulationsFinal rule
- Proposed RulesNotice of proposed rulemaking; request for comments
- NoticesFinal rule
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal Regulation
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal rule
- UnknownFinal rule
- Rules and RegulationsInterim final rule
- Proposed RulesNotice of proposed rulemaking; request for comments
statute-compilations
statutes-at-large
bill
- Sec. 311Establishment
- Sec. 5Reports
- Sec. 507Enforcement of mandatory purchase requirements
- Sec. 508Enforcement of mandatory purchase requirements
- Sec. 507Enforcement of mandatory purchase requirements
- Sec. 508Enforcement of mandatory purchase requirements
- Sec. 311Establishment
- Sec. 2Purchase and securitization of insured loans for the construction of accessory dwelling units
- Sec. 3Purchase and securitization of insured loans for the construction of accessory dwelling units
13 references not yet in our index
- 1
- Pub. L. 102–550, title XIII, § 1319B
- 106 Stat. 3950
- Pub. L. 103–325, title V, § 529(c)
- 108 Stat. 2267
- Pub. L. 110–289, div. A, title I
- 122 Stat. 2665
- Pub. L. 102–550
- 106 Stat. 3941
- Pub. L. 110–289, § 1161(a)(6)
- Pub. L. 110–289, § 1103(b)(1)
- Pub. L. 110–289, § 1103(b)(5)
- Pub. L. 103–325
Citation graph
cites case law
§ 4521
Annual reports by Director
Fed. Reg.×16
Bills×9
Stat.×3
U.S.C.×2
Stat. Comp.×1
Cite1
Pub. L.Pub. L. 102–550, title XIII, § 1319B
Stat.106 Stat. 3950
Pub. L.Pub. L. 103–325, title V, § 529(c)
Stat.108 Stat. 2267
Cites 16 · showing 8Cited by 31 across 5 sources