Supplemental oral response.

CFR · 2024-01-01 · US · Title 12

(a) A respondent may request in a response under § 1091.105 the opportunity to present to the Associate Director a supplemental oral response in support of a respondent's assertion that the respondent is not 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. (b) The conduct of a supplemental oral response shall be subject to the following procedures: (1) A supplemental oral response shall be, at the respondent's preference, by telephone or in person at the Bureau's headquarters in Washington, DC. If a respondent requests in its written response a supplemental oral response but does not specify whether such response shall be conducted via telephone or in person, the supplemental oral response will be conducted by telephone unless otherwise directed by the Associate Director; (2) The Associate Director may impose any limitations on the conduct of a supplemental oral response, including but not limited to establishing a time limit for the presentation of a supplemental oral response, and limiting the subjects to be addressed in a supplemental oral response; (3) There shall be no discovery permitted or witnesses called in connection with a supplemental oral response; (4) If a respondent is a corporate or other entity, and not a natural person, the respondent shall be represented in any supplemental oral response by: (i) An officer, managing or gene

official document · source cfr-2024 · id 12:§ 1091.106