{"data":{"id":"us/12-cfr-1091.102","jurisdiction":"us","citation":"12 CFR 1091.102","heading":"Issuance of Notice of Reasonable Cause.","body":"(a) An initiating official is authorized to issue a Notice of Reasonable Cause to a person stating that the Bureau may have reasonable cause to determine that the respondent is a nonbank covered person that is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services.\n(b) A Notice of Reasonable Cause shall be based on:\n(1) Complaints collected through the system under 12 U.S.C. 5493(b)(3); or\n(2) Information from other sources.\n(c) Except as provided in § 1091.111, a Notice of Reasonable Cause shall contain the information set forth in § 1091.103, and be served on respondent as described in § 1091.104.","path":["Title 12—Banks and Banking","CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU","PART 1091—PROCEDURES FOR SUPERVISORY DESIGNATION PROCEEDINGS","Subpart B—Determination and Voluntary Consent Procedures"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"40233edce0abedfe2e7d46516b94a7db60d57de7e2acc124eee484ef8f5a9d2d","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1091.101","next":"us/12-cfr-1091.103"},"notice":"GroundRules: Original legal text. Not legal advice."}