---
kind: "section"
citation: "12 C.F.R. § 1071.304"
title: "12"
number: "1071.304"
heading: "Settlement."
url: "https://uscodex.org/cfr/12/1071.304"
---

# §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.


## Notes

### Authority

Authority: 5 U.S.C. 504.

### Source

Source: 77 FR 39119, June 29, 2012, unless otherwise noted.