District of Columbia § 26-551.12 Initiation of formal investigation of a financial institution.

District of Columbia Statutes

§ 26-551.12 — Initiation of formal investigation of a financial institution.

District of Columbia § 26-551.12

Title 26Banks and Other Financial Institutions.

Ch. 5BAdministration of the Banking Code.

Subch. IVInvestigation, Examination, and Enforcement Powers of the Commissioner.

This text of District of Columbia § 26-551.12 (Initiation of formal investigation of a financial institution.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 26-551.12 (2026).

Text

(a)If the Commissioner determines that a financial institution is engaging, has engaged, or may engage in an unsafe or unsound practice in the operation of the financial institution (“unsafe or unsound practice”), or that the financial institutions is engaging, has engaged, or may engage in a violation of a law, regulation, rule, condition, order, or request of the Commissioner, or any written agreement entered into with the Commissioner (“violation”), the Commissioner may conduct an investigation of the financial institution and issue and serve upon the institution a notice of charges.

(b)The Commissioner may request that an investigation, or portion of an investigation, be conducted by a District, state, or federal law enforcement agency.

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(a) If the Commissioner determines that a financial institution is engaging, has engaged, or may engage in an unsafe or unsound practice in the operation of the financial institution (“unsafe or unsound practice”), or that the financial institutions is engaging, has engaged, or may engage in a violation of a law, regulation, rule, condition, order, or request of the Commissioner, or any written agreement entered into with the Commissioner (“violation”), the Commissioner may conduct an investigation of the financial institution and issue and serve upon the institution a notice of charges.

(b) The Commissioner may request that an investigation, or portion of an investigation, be conducted by a District, state, or federal law enforcement agency.