12 C.F.R. § 308.133 Effective date of, and payment under, an order to pay.
Title 12 - Banks and Banking
(a) Effective date. (1) Unless otherwise provided in the Notice, except in situations covered by paragraph (a)(2) of this section, civil penalties assessed pursuant to this subpart are due and payable 60 days after the Notice is served upon the respondent. (2) If the respondent both requests a hearing and serves an answer, civil penalties assessed pursuant to this subpart are due and payable 60 days after an order to pay, issued after the hearing or upon default, is served upon the respondent, unless the order provides for a different period of payment. Civil penalties assessed pursuant to an order to pay issued upon consent are due and payable within the time specified therein. (b) Payment. All penalties collected under this section shall be paid over to the Treasury of the United States.
Title 12: Banks and Banking
PART 308—RULES OF PRACTICE AND PROCEDURE
Subpart H—Rules and Procedures Applicable to Proceedings Relating to Assessment and Collection of Civil Money Penalties for Violation of Cease-and-Desist Orders and of Certain Federal Statutes, Including Call Report Penalties
§ 308.133 Effective date of, and payment under, an order to pay.
