The Commissioner may modify or rescind a final order issued under § 26-551.13 after receiving and considering a request from a financial institution, a financial institution’s affiliate or subsidiary, or any other party to the investigatory proceeding, if the Commissioner determines that:
(1) It is in the public interest to modify or rescind the final order; and
(2) It is reasonable to believe that the financial institution, the financial institution’s affiliate or subsidiary, or the other party to the investigatory proceeding will engage in safe and sound practices and will comply with the District of Columbia Banking Code.
(June 9, 2001, D.C. Law 13-308, § 115, 48 DCR 3244.)
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 5B - Administration of the Banking Code
Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner
§ 26–551.10. Examinations of financial institutions
§ 26–551.11. Reports on financial institutions
§ 26–551.12. Initiation of formal investigation of a financial institution
§ 26–551.13. Notice of charges; hearing; final order
§ 26–551.14. Notification of other government agencies
§ 26–551.15. Modification or rescission of orders
§ 26–551.16. Cease and desist order
§ 26–551.17. Temporary cease and desist order
§ 26–551.18. Confidentiality of information
§ 26–551.19. Enforcement of Department order, subpoena, or notice of charges