Capital restoration plans.

CFR · 2024-01-01 · US · Title 12

(a) (2) (b) (i) Specify the level of capital the Enterprise will achieve and maintain; (ii) Describe the actions that the Enterprise will take to become classified as adequately capitalized; (iii) Establish a schedule for completing the actions set forth in the plan; (iv) Specify the types and levels of activities (including existing and new programs) in which the Enterprise will engage during the term of the plan; (v) Describe the actions that the Enterprise will take to comply with any mandatory or discretionary requirements to be imposed under Subtitle B of the 1992 Act (12 U.S.C. 4611 through 4623) or subpart B of this part; (vi) To the extent the Enterprise is required to submit or revise a capital restoration plan as the result of a reclassification of the Enterprise under § 1777.20(a)(5) or § 1777.20(c)(5), describe the steps the Enterprise will take to cease or eliminate and remedy the action, inaction, or conditions that caused the reclassification; and (vii) Provide any other information or discuss any other issues as instructed by OFHEO. (2) The plan shall include a declaration by the chief executive officer, treasurer, or other officer designated by the Board of Directors of the Enterprise to make such declaration, that the material contained in the plan is true and correct to the best of such officer's knowledge and belief. (c) (i) As significantly undercapitalized if it is otherwise classified as undercapitalized; or (ii) As critically undercapitalized if it is

official document · source cfr-2024 · id 12:§ 1777.23