[Code of Federal Regulations]
[Title 12, Volume 1, Parts 1 to 199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR19.111]

[Page 188-189]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 19--RULES OF PRACTICE AND PROCEDURE--Table of Contents
 
   Subpart C--Removals, Suspensions, and Prohibitions When a Crime Is 
                   Charged or a Conviction is Obtained
 
Sec. 19.111  Suspension or removal.

    The Comptroller may serve a notice of suspension or order of removal 
or prohibition on an institution-affiliated party. A copy of such notice 
or order will be served on the bank, whereupon the institution-
affiliated party involved must immediately cease service to the bank or 
participation in the affairs of the bank. The notice or order will 
indicate the basis for suspension, removal or prohibition and will 
inform the institution-affiliated party of the right to request in 
writing, to be received by the OCC within 30 days from the date that the 
institution-affiliated party was served with such notice or order, an 
opportunity to show at an informal hearing that continued service to or 
participation in the conduct of the affairs of the bank does not, or is

[[Page 189]]

not likely to, pose a threat to the interest of the bank's depositors or 
threaten to impair public confidence in the bank. The written request 
must be sent by certified mail to, or served personally with a signed 
receipt on, the District Administrator in the OCC district in which the 
bank in question is located, or to the Deputy Comptroller for 
Multinational Banking, Office of the Comptroller of the Currency, 
Washington, DC 20219, if the bank is supervised by the Multinational 
Banking Department. The request must state specifically the relief 
desired and the grounds on which that relief is based.