---
kind: "section"
citation: "12 C.F.R. § 1091.102"
title: "12"
number: "1091.102"
heading: "Issuance of Notice of Reasonable Cause."
url: "https://uscodex.org/cfr/12/1091.102"
---

# §1091.102. Issuance of Notice of Reasonable Cause.

- (a) An initiating official is authorized to issue a Notice of Reasonable Cause to a person stating that the Bureau may have reasonable cause to determine that the respondent is a nonbank covered person that is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services.
- (b) A Notice of Reasonable Cause shall be based on:
  - (1) Complaints collected through the system under [12 U.S.C. 5493(b)(3)](/usc/12/5493.md?p=b-3); or
  - (2) **Information from other sources.**
- (c) Except as provided in [§ 1091.111](/cfr/12/1091.111.md), a Notice of Reasonable Cause shall contain the information set forth in [§ 1091.103](/cfr/12/1091.103.md), and be served on respondent as described in [§ 1091.104](/cfr/12/1091.104.md).

## Notes

### Authority

Authority: 12 U.S.C. 5512(b)(1), 5514(a)(1)(C), 5514(b)(7).

### Source

Source: 90 FR 46040, Sept. 25, 2025, unless otherwise noted.