Compliance provisions.

CFR · 2024-01-01 · US · Title 12

(a) (2) If the NGEP does not comply within the time period established by (3) The OCC may assist any insured depository institution or affiliate that is a party to a covered agreement that is unenforceable by a NGEP by operation of section 48 of the Federal Deposit Insurance Act (12 U.S.C. 1831y) in identifying a successor to assume the NGEP's responsibilities under the agreement. (b) (1) Order the individual to disgorge the diverted funds or resources received under the agreement; (2) Prohibit the individual from being a party to any covered agreement for a period not to exceed 10 years. (c) (d) (e)

official document · source cfr-2024 · id 12:§ 35.9