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. § 308.21

Failure to appear

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Failure of a respondent to appear in person at the hearing or by a duly authorized counsel constitutes a waiver of respondent's right to a hearing and is deemed an admission of the facts as alleged and consent to the relief sought in the notice. Without further proceedings or notice to the respondent, the ALJ will file with the Board of Directors a recommended decision containing the findings and the relief sought in the notice.

Notes of Decisions
Cited in 1 case, 1991–1991 · leading case: Amberg v. Fed. Deposit Ins., 934 F.2d 681 (5th Cir. 1991).
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Amberg v. Fed. Deposit Ins., 934 F.2d 681 (5th Cir. 1991). · cites it 5× “Severity of the FDIC’s procedure The AU denied the FDIC’s motion to enter a default against Petitioners be *685 cause it found 12 C.F.R. § 308.21 (a)(2) 15 good cause was shown because the FDIC’s cover letter to its Notice was misleading, leaving the impression that in order to…”
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