Proposed suspension order.

CFR · 2024-01-01 · US · Title 12

(a) A suspending official may base a proposed suspension order upon evidence of covered misconduct from any of the following sources: (1) A required report submitted by a regulated entity; (2) A referral submitted by FHFA's Office of Inspector General; or (3) Any other source of information. (b) (1) The person or any affiliates thereof has engaged in covered misconduct, which evidence may include copies of any order or other documents documenting a conviction or administrative sanction for such conduct; and (2) The covered misconduct is of a type that would be likely to cause significant financial or reputational harm to a regulated entity or otherwise threaten the safe and sound operation of a regulated entity. (c) (d) (1) The time period during which the suspension will apply; (2) A statement of the suspending official's proposed suspension determination and supporting grounds; (3) The proposed suspension order; (4) Instructions on how to respond; and (5) The date by which any response must be received, which must be at least thirty (30) calendar days after the date on which the notice is sent. (e) (1) The person, the person's counsel, or an agent for service of process; and (2) Any affiliates of the person, the counsel for those affiliates, or an agent for service of process, if suspension is also being proposed for such affiliates. (f) (2) (i) Any information and argument in opposition to the proposed suspension; (ii) Any specific facts that contradict the statements cont

official document · source cfr-2024 · id 12:§ 1227.5