Failure to submit a corrective plan; noncompliance.

CFR · 2024-01-01 · US · Title 12

(a) (1) Prohibit the regulated entity from increasing its average total assets, as defined in 12 U.S.C. 4516(b)(4), for any calendar quarter over its average total assets for the preceding calendar quarter, or may otherwise restrict the rate at which the average total assets of the regulated entity may increase from one calendar quarter to another; (2) Prohibit the regulated entity from paying dividends; (3) Prohibit the regulated entity from redeeming or repurchasing capital stock; (4) Require the regulated entity to maintain or increase its level of retained earnings; (5) Require an Enterprise to increase its ratio of core capital to assets, or require a Bank to increase its ratio of total capital, as defined in 12 U.S.C. 1426(a)(5), to assets; or (6) Require the regulated entity to take any other action that the Director determines will better carry out the purposes of the statute by bringing the regulated entity into conformance with the Standards. (b) (c) (i) A statement that the regulated entity has failed to submit a corrective plan under § 1236.4, or has not implemented or otherwise has not complied in any material respect with an approved plan; (ii) A description of any sanctions that FHFA intends to impose and, in the case of the mandatory sanctions required by 12 U.S.C. 4513b(b)(3), a statement that FHFA believes that the regulated entity has experienced extraordinary growth; and (iii) The proposed date when any sanctions would become effective or the proposed date

official document · source cfr-2024 · id 12:§ 1236.5