WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 46

12 U.S.C. 4631: Cease-and-desist proceedings

Created in 1992 by Public Law 102-550. Changed by 1 later law. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 12 U.S.C. 4614, 12 U.S.C. 4632.

5 parts of federal rules cite it as their authority, written by Federal Housing Finance Agency (4), Office of Federal Housing Enterprise Oversight, Department of Housing and Urban Development (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2008

    • Pub. L. 110–289, §1151(1), added subsecs. (a) and (b) and struck out former subsecs. (a) and (b) which related to grounds for issuance against adequately capitalized enterprises and grounds for issuance against undercapitalized, significantly undercapitalized, and critically unde… (Housing and Economic Recovery Act of 2008) Law text · (a), (b)
    • Pub. L. 110–289, §1151(2)(A), (3)(C), substituted "practice" for "conduct" in two places and inserted ", unless the party served with a notice of charges shall appear at the hearing personally or by a duly authorized representative, the party shall be deemed to have consented to the… (Housing and Economic Recovery Act of 2008) Law text · (c)
    • Pub. L. 110–289, §1151(2)(B), (3)(A), (C), inserted "or entity-affiliated party" before "consents" and substituted "director, or entity-affiliated party" for "or director", "the regulated entity" for "the enterprise" in two places, and "practice" for "conduct" wherever appearing. (Housing and Economic Recovery Act of 2008) Law text · (c)
    • Pub. L. 110–289, §1151(3)(B), (C), (4)(A), in introductory provisions, substituted "a regulated entity" for "an enterprise", "director, or entity-affiliated party" for "or director", and "practice" for "conduct", and inserted "to require a regulated entity or entity-affiliated party" a… (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(4)(B)(i), (ii), in introductory provisions, struck out "to require an executive officer or a director to" before "make restitution" and substituted "loss, if" for "loss to the enterprise to the extent that such person". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(3)(C), (4)(B)(iii), inserted "such entity or party or finance facility" before "was unjustly" and substituted "practice" for "conduct". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(4)(B)(iv), added subpar. (B) and struck out former subpar. (B) which read as follows: "engaged in conduct or a violation that would subject such person to a civil penalty pursuant to section 4636(b)(3) of this title;". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(3)(B), substituted "a regulated entity" for "an enterprise". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(3)(A), substituted "the regulated entity" for "the enterprise". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(3)(A), (4)(C), substituted "the regulated entity" for "the enterprise" and inserted "loan or" before "asset". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(3)(A), substituted "the regulated entity" for "the enterprise". (Housing and Economic Recovery Act of 2008) Law text · (d)
    • Pub. L. 110–289, §1151(3)(A), (5), substituted "the regulated entity" for "the enterprise" in two places and inserted "or entity-affiliated party" before "or any executive" and before period at end. (Housing and Economic Recovery Act of 2008) Law text · (e)
    • Pub. L. 110–289, §1151(6), substituted "regulated entity, finance facility," for "enterprise" and "director, or entity-affiliated party" for "or director". (Housing and Economic Recovery Act of 2008) Law text · (f)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.