District Of Columbia § 26-551.16 - Cease and desist order.
Full text of District Of Columbia D.C. Code § 26-551.16 — Cease and desist order., with citation guidance and answers to common questions.
§ 26-551.16. Cease and desist order.
26-551.16The Commissioner may issue and serve upon the financial institution or its affiliate or subsidiary a final cease and desist order if:
The party served with the notice of charges fails to appear at the hearing called under ; or
The record of the hearing held under supports a finding that the violation or unsafe and unsound practice specified in the notice of charges has occurred or reasonably likely to occur.
A final cease and desist order may require that a financial institution or a director, officer, trustee, employee, agent, affiliate, or subsidiary of the financial institution:
Cease and desist from the violation or unsafe or unsound practice or from any activity that will or may result in a violation or unsafe or unsound practice;
Take affirmative action to correct the violation, unsafe or unsound practice, or condition resulting from the violation or unsafe or unsound practice or to avoid a violation or unsafe or unsound practice; or
Provide indemnification, reimbursement, restitution, or any other relief that the Commissioner determines is appropriate.
A final cease and desist order shall become effective 30 days after the service of the order upon the financial institution or its affiliate or subsidiary; provided, that a final cease and desist order which has been issued upon the consent of the Commissioner and a financial institution or other parties shall become effective upon the date specified in the consent order.
A final cease and desist order shall remain in effect until it is stayed, modified, terminated, or set aside by the Commissioner or a court.
In addition to, or instead of, issuing a final cease and desist order, the Commissioner may enter into an informal enforcement action, such as a supervisory agreement or memorandum of understanding, with the financial institution.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 26-551.16
What does D.C. Code § 26-551.16 cover?
Section 26-551.16 ("Cease and desist order.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 26-551.16?
A common citation format is "D.C. Code § 26-551.16" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 26-551.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.