Title 12 Part 1071 → Subpart C → §1071.304

Title 12 → Chapter X → Part 1071 → Subpart C → §1071.304

Electronic Code of Federal Regulations e-CFR

Title 12 Part 1071 → Subpart C → §1071.304

e-CFR data is current as of September 19, 2019

Title 12Chapter XPart 1071Subpart C → §1071.304

Title 12: Banks and Banking
Subpart C—Procedures for Considering Applications

§1071.304   Settlement.

The applicant and Bureau counsel may agree on a proposed settlement of the award before final action on the application, either in connection with a settlement of the underlying proceeding or after the underlying proceeding has been concluded, in accordance with the Bureau's standard settlement procedures. If a prevailing party and Bureau counsel agree on a proposed settlement of an award before an application has been filed, the application shall be filed with the proposed settlement. If a proposed settlement of an underlying proceeding provides that each side shall bear its own expenses and the settlement is accepted, no application may be filed.