---
kind: "section"
citation: "12 C.F.R. § 24.7"
title: "12"
number: "24.7"
heading: "Examination, records, and remedial action."
url: "https://uscodex.org/cfr/12/24.7"
---

# §24.7. Examination, records, and remedial action.

- (a) **Examination.** National bank investments under this part are subject to the examination provisions of [12 U.S.C. 481](/usc/12/481.md).
- (b) **Records.** Each national bank shall maintain in its files information adequate to demonstrate that its investments meet the standards set out in [§ 24.3](/cfr/12/24.3.md) of this part, including, where applicable, the criteria of [§ 25.23](/cfr/12/25.23.md) of appendix G to [12 CFR part 25](/cfr/12/part25.md), and that the bank is otherwise in compliance with the requirements of this part.
- (c) **Remedial action.** If the OCC finds that an investment under this part is in violation of law or regulation, is inconsistent with the safe and sound operation of the bank, or poses a significant risk to a Federal deposit insurance fund, the national bank shall take appropriate remedial action as determined by the OCC.

## Notes

### Amendments

[61 FR 49660, Sept. 23, 1996, as amended at 68 FR 48777, Aug. 15, 2003; 89 FR 22067, Mar. 29, 2024]

### Authority

Authority: 12 U.S.C. 24(Eleventh), 93a, 481, and 1818.

### Source

Source: 61 FR 49660, Sept. 23, 1996, unless otherwise noted.

### Amendments

[61 FR 49660, Sept. 23, 1996, as amended at 68 FR 48777, Aug. 15, 2003; 89 FR 22067, Mar. 29, 2024]