Title 12Banks and BankingRelease 119-73

§4522 Public disclosure of final orders and agreements

Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER I— - SUPERVISION AND REGULATION OF ENTERPRISES › Part Part A— - Financial Safety and Soundness Regulator › § 4522

Last updated Apr 6, 2026|Official source

Summary

The Director must make public written agreements or statements the Director can enforce, any final enforcement orders, and any changes to those orders. Hearings on the record and notices of charges are open to the public unless the Director decides an open hearing would harm the public interest. If the Director writes that revealing a final order would seriously hurt a company’s financial health or safety, the Director may delay making it public for a reasonable time. The Director can also file parts of a hearing record under seal if disclosure would harm the public interest. The Director must keep records of those documents, enforcement agreements, and supporting papers for at least 6 years. Nothing here lets the Director refuse to give information to Congress or its committees.

Full Legal Text

Title 12, §4522

Banks and Banking — Source: USLM XML via OLRC

(a)The Director shall make available to the public—
(1)any written agreement or other written statement for which a violation may be redressed by the Director or any modification to or termination thereof, unless the Director, in the Director’s discretion, determines that public disclosure would be contrary to the public interest or determines under subsection (c) that public disclosure would seriously threaten the financial health or security of the enterprise;
(2)any order that is issued with respect to any administrative enforcement proceeding initiated by the Director under subchapter III and that has become final; and
(3)any modification to or termination of any final order made public pursuant to this subsection.
(b)All hearings on the record with respect to any action of the Director or notice of charges issued by the Director shall be open to the public, unless the Director, in the Director’s discretion, determines that holding an open hearing would be contrary to the public interest.
(c)If the Director makes a determination in writing that the public disclosure of any final order pursuant to subsection (a) would seriously threaten the financial health or security of the enterprise, the Director may delay the public disclosure of such order for a reasonable time.
(d)The Director may file any document or part thereof under seal in any hearing under subchapter III if the Director determines in writing that disclosure thereof would be contrary to the public interest.
(e)The Director shall keep and maintain a record, for not less than 6 years, of all documents described in subsection (a) and all enforcement agreements and other supervisory actions and supporting documents issued with respect to or in connection with any enforcement proceeding initiated by the Director under subchapter III.
(f)This section may not be construed to authorize the withholding of any information from, or to prohibit the disclosure of any information to, the Congress or any committee or subcommittee thereof.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4522

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73