Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER III— - ENFORCEMENT PROVISIONS › § 4633
Hearings required by the law must be on the record and held in Washington, D.C. The hearing date must be set at least 30 days and no more than 60 days after the party gets notice of charges or notice that a penalty will be imposed, unless the hearing officer agrees to change the date at a party’s request. The hearing must follow the procedures in chapter 5 of title 5. If a party does not appear through an authorized representative, they are treated as agreeing to the stop, removal, prohibition, or penalty being sought. After the hearing, the Director must make a written decision with findings of fact and send any orders to the parties within 90 days after the parties are told the case was sent to the Director. Court review can only happen as that other law describes. If no timely court challenge is filed and until the record is sent to the court, the Director may change or end an order at any time with notice. Once the record is filed with the court, the Director may only change an order 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. § 4633
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73