[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR81.86]



[Page 468-469]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 81_THE SECRETARY OF HUD'S REGULATION OF THE FEDERAL NATIONAL 

MORTGAGE ASSOCIATION (FANNIE MAE) AND THE FEDERAL HOME LOAN MORTGAGE 

CORPORATION (FREDDIE MAC)--Table of Contents

 

         Subpart G_Procedures for Actions and Review of Actions

 

Sec.  81.86  Enforcement and jurisdiction.



    If a GSE fails to comply with a final decision, the Secretary may 

request the Attorney General of the United States to bring an action in 

the United



[[Page 469]]



States District Court for the District of Columbia for the enforcement 

of the notice or order. Such request may be made:

    (a) For a cease-and-desist order:

    (1) Upon expiration of the 30-day period beginning on the service of 

the order on the GSE; or

    (2) Upon the effective time specified in an order issued upon 

consent; and

    (b) For a civil money penalty, when the order imposing the penalty 

is no longer subject to review under 12 U.S.C. 4582 and 4583 and the 

implementing regulations at Sec. Sec.  81.84 and 81.87.