Title 12 Part 1081 → Subpart D → §1081.406

Title 12 → Chapter X → Part 1081 → Subpart D → §1081.406

Electronic Code of Federal Regulations e-CFR

Title 12 Part 1081 → Subpart D → §1081.406

e-CFR data is current as of September 12, 2019

Title 12Chapter XPart 1081Subpart D → §1081.406

Title 12: Banks and Banking
Subpart D—Decision and Appeals

§1081.406   Reconsideration.

Within 14 days after service of the Director's final decision and order, any party may file with the Director a petition for reconsideration, briefly and specifically setting forth the relief desired and the grounds in support thereof. Any petition filed under this section must be confined to new questions raised by the final decision or final order and upon which the petitioner had no opportunity to argue, in writing or orally, before the Director. No response to a petition for reconsideration shall be filed unless requested by the Director, who will request such response before granting any petition for reconsideration. The filing of a petition for reconsideration shall not operate to stay the effective date of the final decision or order or to toll the running of any statutory period affecting such decision or order unless specifically so ordered by the Director.