When the Board issues a notice of violation that could lead to withdrawal of a mortgagee's approval, or is notified by GNMA of an action that could lead to withdrawal of GNMA approval, the Board shall proceed in accordance with 12 U.S.C. 1708(d).
(Approved by the Office of Management and Budget under Control Number 2502-0450)
[61 FR 685, Jan. 9, 1996]