12 C.F.R. § 617.7505   How will the qualified lender know when FCA is considering issuing a distressed loan restructuring directive?


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 617—BORROWER RIGHTS
Subpart F—Distressed Loan Restructuring Directive

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§ 617.7505   How will the qualified lender know when FCA is considering issuing a distressed loan restructuring directive?

When FCA intends to issue a distressed loan restructuring directive, it will notify the qualified lender in writing. The notice will state:

(a) The reasons FCA intends to issue a distressed loan restructuring directive;

(b) The proposed contents of the distressed loan restructuring directive; and

(c) Any other relevant information.

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