Title 12 › CHAPTER 46 — GOVERNMENT SPONSORED ENTERPRISES › SUBCHAPTER III — ENFORCEMENT PROVISIONS › § 4633
Hearings under sections 4631, 4636(c), or 4636a must be on the record and held in the District of Columbia. The hearing date must be set at least 30 days and no more than 60 days after the notice of charges or penalty is served, unless the hearing officer agrees to a different date at a party’s request. The hearing must follow the rules in chapter 5 of title 5. If a party does not appear through an authorized representative, they are treated as agreeing to the proposed cease‑and‑desist, removal, prohibition order, or penalty. After the hearing, the Director must issue a written decision with findings and serve orders to each party within 90 days after the parties are told the case was sent to the Director. Court review is only as allowed in section 4634. If no timely petition for review is filed and the record has not been filed in court, the Director may modify, end, or cancel an order at any time with proper notice; once the record is filed, the Director may do so only with the court’s permission.
Full Legal Text
Banks and Banking, Source: USLM XML via OLRC
Legislative History
Reference
Citation
12 U.S.C. § 4633
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110