12 C.F.R. § 570.2 Determination and notification of failure to meet safety and soundness standards and request for compliance plan.
Title 12 - Banks and Banking
(a) Determination. OTS may, based upon an examination, inspection, or any other information that becomes available to OTS, determine that a savings association has failed to satisfy the safety and soundness standards contained in the Interagency Guidelines Establishing Standards for Safety and Soundness as set forth in appendix A to this part or the Interagency Guidelines Establishing Information Security Standards as set forth in appendix B to this part. (b) Request for compliance plan. If the OTS determines that a savings association has failed to meet a safety and soundness standard pursuant to paragraph (a) of this section, the OTS may request by letter or through a report of examination, the submission of a compliance plan. The savings association shall be deemed to have notice of the request three days after mailing or delivery of the letter or report of examination by the OTS. [60 FR 35686, July 10, 1995, as amended at 63 FR 55489, Oct. 15, 1998; 66 FR 8639, Feb. 1, 2001; 69 FR 77620, Dec. 28, 2004]
Title 12: Banks and Banking
PART 570—SAFETY AND SOUNDNESS GUIDELINES AND COMPLIANCE PROCEDURES
§ 570.2 Determination and notification of failure to meet safety and soundness standards and request for compliance plan.
