Supervisory response.

CFR · 2024-01-01 · US · Title 12

(a) (2) (i) Provide OFHEO with any relevant information known to the Enterprise about the potentially adverse development, in such format as OFHEO directs; (ii) Respond to specific questions and concerns that OFHEO poses about the potentially adverse development; and (iii) Take appropriate action. (3) (4) (b) (2) (c) (2) (i) In the case of any potentially adverse development arising from conditions or practices internal to the Enterprise, any relevant information known to the Enterprise about the circumstances that led to the potentially adverse development; (ii) An assessment of likely consequences that the potentially adverse development may have for the Enterprise; and (iii) The proposed course of action the Enterprise will undertake in response to the potentially adverse development, including an explanation as to why such approach is preferred to any other alternative actions by the Enterprise and how such approach will address the concerns of OFHEO. (3) (d) (i) A notice of charges to the Enterprise under section 1371 of the 1992 Act (12 U.S.C. 4631) and the procedures in 12 CFR part 1780 commencing an action to order the Enterprise to cease and desist conduct, conditions, or violations specified in the notice to show cause; (ii) A temporary order to the Enterprise under section 1372 of the 1992 Act (12 U.S.C. 4632) and the procedures in 12 CFR part 1780 to cease and desist from, and take affirmative actions to prevent or remedy harm from, conduct, conditions, or violati

official document · source cfr-2024 · id 12:§ 1777.11