Browse Arkansas Code titles and sections
12 U.S.C. § 4636 — Hearings
Federal law — U.S. Code and appendices · legal_authorities
**(a) Requirements**
(1) **Venue and record** — Any hearing under section 4631, 4636(c), or 4636a of this title shall be held on the record and in the District of Columbia.
(2) **Timing** — Any such hearing shall be fixed for a date not earlier than 30 days nor later than 60 days after service of the notice of charges under section 4631 or 4636a of this title or determination to impose a penalty under [section 4636 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4636&num=0&edition=prelim), unless an earlier or a later date is set by the hearing officer at the request of the party served.
(3) **Procedure** — Any such hearing shall be conducted in accordance with chapter 5 of title 5.
(4) **Failure to appear** — If the party served fails to appear at the hearing through a duly authorized representative, such party shall be deemed to have consented to the issuance of the cease-and-desist or removal or prohibition order or the imposition of the penalty for which the hearing is held.
**(b) Issuance of order**
(1) **In general** — After any such hearing, and within 90 days after the parties have been notified that the case has been submitted to the Director for final decision, the Director shall render the decision (which shall include findings of fact upon which the decision is predicated) and shall issue and serve upon each party to the proceeding an order or orders consistent with the provisions of this subchapter.
(2) **Modification** — Judicial review of any such order shall be exclusively as provided in [section 4634 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4634&num=0&edition=prelim). Unless such a petition for review is timely filed as provided in [section 4634 of this t
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4636
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: dcb38421eaecb871e9948cec76151e38ce77b5296a09d9aa9bd8a7f2d973f12a. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_a541f30eb44c772e8dd59bd3
Source file: Laws/federal/codes/united-states-code/title-12/section-4636-hearings--b17fb9da91.md
Pages: Not recorded – Not recorded
Passage SHA-256: 5d58f75738a6111242d96a19e4bfb7fa8c1476c7134f962d6598455cff721c1b
Source location: Title 12, Chapter 46, § 4636; chapter-046-government-sponsored-enterprises.md
Stored source content
**(a) Requirements**
(1) **Venue and record** — Any hearing under section 4631, 4636(c), or 4636a of this title shall be held on the record and in the District of Columbia.
(2) **Timing** — Any such hearing shall be fixed for a date not earlier than 30 days nor later than 60 days after service of the notice of charges under section 4631 or 4636a of this title or determination to impose a penalty under [section 4636 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4636&num=0&edition=prelim), unless an earlier or a later date is set by the hearing officer at the request of the party served.
(3) **Procedure** — Any such hearing shall be conducted in accordance with chapter 5 of title 5.
(4) **Failure to appear** — If the party served fails to appear at the hearing through a duly authorized representative, such party shall be deemed to have consented to the issuance of the cease-and-desist or removal or prohibition order or the imposition of the penalty for which the hearing is held.
**(b) Issuance of order**
(1) **In general** — After any such hearing, and within 90 days after the parties have been notified that the case has been submitted to the Director for final decision, the Director shall render the decision (which shall include findings of fact upon which the decision is predicated) and shall issue and serve upon each party to the proceeding an order or orders consistent with the provisions of this subchapter.
(2) **Modification** — Judicial review of any such order shall be exclusively as provided in [section 4634 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4634&num=0&edition=prelim). Unless such a petition for review is timely filed as provided in [section 4634 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4634&num=0&edition=prelim), and thereafter until the record in the proceeding has been filed as so provided, the Director may at any time, modify, terminate, or set aside any such order, upon such notice and in such manner as the Director considers proper. Upon such filing of the record, the Director may modify, terminate, or set aside any such order with permission of the court.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Issuance for unsafe or unsound practices and violations**
(1) **Authority of Director** — If, in the opinion of the Director, a regulated entity or any entity-affiliated party is engaging or has engaged, or the Director has reasonable cause to believe that the regulated entity or any entity-affiliated party is about to engage, in an unsafe or unsound practice in conducting the business of the regulated entity or the Office of Finance, or is violating or has violated, or the Director has reasonable cause to believe is about to violate, a law, rule, regulation, or order, or any condition imposed in writing by the Director in connection with the granting of any application or other request by the regulated entity or the Office of Finance or any written agreement entered into with the Director, the Director may issue and serve upon the regulated entity or entity-affiliated party a notice of charges in respect thereof.
(2) **Limitation** — The Director may not, pursuant to this section, enforce compliance with any housing goal established under subpart 2 of part B of subchapter I of this chapter, with section 4566 or 4567 of this title, with subsection (m) or (n) of [section 1723a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1723a&num=0&edition=prelim), with subsection (e) or (f) of [section 1456 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1456&num=0&edition=prelim), or with paragraph (5) of [section 1430(j) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1430/j&num=0&edition=prelim).
**(b) Issuance for unsatisfactory rating** If a regulated entity receives, in its most recent report of examination, a less-than-satisfactory rating f
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4634
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Regular and special reports**
(1) **Regular reports** — The Director may require, by general or specific orders, a regulated entity to submit regular reports, including financial statements determined on a fair value basis, on the condition (including financial condition), management, activities, or operations of the regulated entity, as the Director considers appropriate (in addition to the annual and quarterly reports required under [section 1723a(k) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1723a/k&num=0&edition=prelim) and [section 1456(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1456/c&num=0&edition=prelim)).
(2) **Special reports** — The Director may also require, by general or specific orders, a regulated entity to submit special reports on any of the topics specified in paragraph (1) or any other relevant topics, if, in the judgment of the Director, such reports are necessary to carry out the purposes of this chapter.
(3) **Limitation** — The Director may not require the inclusion, in any report pursuant to paragraph (1) or (2), of any information that is not reasonably obtainable by the regulated entity.
(4) **Notice and declaration** — The Director shall notify the regulated entity, a reasonable period in advance of the date for submission of any report under this subsection, of any specific information to be contained in the report and the date for the submission of the report. Each report under this subsection shall contain a declaration by the president, vice president, treasurer, or any other officer designated by the board of directors of the regulated entity to make such declaration, that the report is true and correct to the best of such officer’
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4516
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1718
TITLE 12—BANKS AND BANKING
§ 4635
1 See References in Text note below.
(d) Review
Review of such proceedings shall be governed
by chapter 7 of title 5.
(e) Order to pay penalty
Such court shall have the authority in any
such review to order payment of any penalty im-
posed by the Director under this subchapter.
(f) No automatic stay
The commencement of proceedings for judicial
review under this section shall not, unless spe-
cifically ordered by the court, operate as a stay
of any order issued by the Director.
(Pub. L. 102–550, title XIII, § 1374, Oct. 28, 1992, 106
Stat. 3990; Pub. L. 110–289, div. A, title I,
§ 1153(b)(1)(C), July 30, 2008, 122 Stat. 2775.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsec. (a), was in the
original ‘‘this title’’, meaning title XIII of Pub. L.
102–550, Oct. 28, 1992, 106 Stat. 3941, which is classified
principally to this chapter. For complete classification
of title XIII to the Code, see Short Title note set out
under section 4501 of this title and Tables.
AMENDMENTS
2008—Subsec. (a). Pub. L. 110–289 substituted ‘‘4513b,
4636, or 4636a of this title’’ for ‘‘or 4636 of this title’’ and
‘‘this chapter’’ for ‘‘such section’’.
§ 4635. Enforcement and jurisdiction
(a) Enforcement
The Director may, in the discretion of the Di-
rector, apply to the United States District Court
for the District of Columbia, or the United
States district court within the jurisdiction of
which the headquarters of the regulated entity
is located, for the enforcement of any effective
and outstanding notice or order issued under
this subchapter or subchapter II, or request that
the Attorney General of the United States bring
such an action. Such court shall have jurisdic-
tion and power to order an
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4636
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.