C.F.R. » Title 12 » CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION › SUBCHAPTER A—PROCEDURE AND RULES OF PRACTICE › PART 308—RULES OF PRACTICE AND PROCEDURE › Subpart A—Uniform Rules of Practice and Procedure

12 C.F.R. § 308.19

Answer

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

(a) When. Within 20 days of service of the notice, respondent must file an answer as designated in the notice. In a civil money penalty proceeding, respondent must also file a request for a hearing within 20 days of service of the notice.

(b) Content of answer. An answer must specifically respond to each paragraph or allegation of fact contained in the notice and must admit, deny, or state that the respondent lacks sufficient information to admit or deny each allegation of fact. A statement of lack of information has the effect of a denial. Denials must fairly meet the substance of each allegation of fact denied; general denials are not permitted. When a respondent denies part of an allegation, that part must be denied and the remainder specifically admitted. Any allegation of fact in the notice which is not denied in the answer is deemed admitted for purposes of the proceeding. A respondent is not required to respond to the portion of a notice that constitutes the prayer for relief, or proposed order. The answer must set forth affirmative defenses, if any, asserted by the respondent.

(c) Default—(1) Effect of failure to answer. Failure of a respondent to file an answer required by this section within the time provided constitutes a waiver of the respondent's right to appear and contest the allegations in the notice. If no timely answer is filed, Enforcement Counsel may file a motion for entry of an order of default. Upon a finding that no good cause has been shown for the failure to file a timely answer, the ALJ will file with the Board of Directors a recommended decision containing the findings and the relief sought in the notice. Any final order issued by the Board of Directors based upon a respondent's failure to answer is deemed to be an order issued upon consent.

(2) Effect of failure to request a hearing in civil money penalty proceedings. If respondent fails to request a hearing as required by law within the time provided, the notice of assessment constitutes a final and unappealable order of the Board of Directors without further action by the ALJ.

Notes of Decisions
Cited in 2 cases, 1993–2015 · leading case: Oberstar v. Fed. Deposit Ins., 987 F.2d 494 (8th Cir. 1993).
Sort: Relevance Newest Treatment
Oberstar v. Fed. Deposit Ins., 987 F.2d 494 (8th Cir. 1993). · cites it 3× “See 12 C.F.R. § 308.19 (a). When the AU’s law clerk notified him of this oversight, Oberstar immediately filed an answer that was twenty-two days late under the regulation.”
Herring Bancorp, Inc. C.C. Burgess & C. Campbell Burgess v. John Mikkelsen, Acting Solely in His Capacity as Tr. of the John Mikkelsen Trust (Tex. Crim. App. 2015). · cites it 2× “Notie: is hereby given that a hearing shall commence at Amarillo, Texas, sixtr (60) days from the date of service of this NOTICE OF INTENT TO REMOVE AND PROlDBIT upon Respondent, or at such pla~' or on such date as the parties to ibis action and the Administrative Law Jugge…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.