GroundRules
12 CFR 6.23: Decision and issuance of a prompt corrective action directive.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 6—PROMPT CORRECTIVE ACTION
- Subpart B—Directives To Take Prompt Corrective Action
(a) OCC consideration of response. After considering the response, the OCC may:
(1) Issue the directive as proposed or in modified form;
(2) Determine not to issue the directive and so notify the national bank or Federal savings association; or
(3) Seek additional information or clarification of the response from the national bank or Federal savings association, or any other relevant source.
(b) [Reserved]
Collected 2026-08-27T02:24:16Z. Source file · JSON