Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER I— - SUPERVISION AND REGULATION OF ENTERPRISES › Part Part B— - Additional Authorities of the Director › Subpart subpart 3— - enforcement › § 4582
Hearings about charges or penalties must be held on the record in the District of Columbia. They must be scheduled no sooner than 30 days and no later than 60 days after the notice is served, unless the enterprise asks for a different date and the hearing officer agrees. The hearings follow the procedures in chapter 5 of title 5. If the enterprise does not appear with an authorized representative, it is treated as agreeing to the cease‑and‑desist order or the penalty. After the hearing, when the case goes to the Director, the Director must issue a written decision with the facts and any orders within 90 days and serve them on the enterprise. Court review is only allowed as section 4583 provides. If no timely review is filed, and until the official record is filed as that section requires, the Director may change, end, or cancel an order with proper notice; once the record is filed, the Director may do so only with the court’s permission.
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Banks and Banking — Source: USLM XML via OLRC
Legislative History
Reference
Citation
12 U.S.C. § 4582
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73