Suspension notice prior to effective date.

  1. Law
  2. CFR 12
  3. Banks and Banking
  4. Bureau of Consumer Financial Protection
  5. Special Rules of Practice (Regulation L)
  6. Adjudicatory Proceedings
  7. Suspension notice prior to effective date.

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§ 1012.205 Suspension notice prior to effective date.

A suspension pursuant to § 1010.45(a) of this chapter shall be effected by service of a suspension notice which shall contain:

(a) An identification of the filing to which the notice applies.

(b) A specification of the deficiencies of form, disclosure, accuracy, documentation or fee tender which constitute the grounds under § 1010.45(a) of this chapter, of the suspension, and of the additional or corrective procedure, information, documentation, or tender which will satisfy the Director's requirements.

(c) A notice of the hearing rights of the developer under § 1012.210 and of the procedures for invoking those rights.

(d) A notice that, unless otherwise ordered, the suspension shall remain in effect until 30 days after the developer cures the specified deficiencies as required by the notice.


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