---
kind: "section"
citation: "12 C.F.R. § 308.504"
title: "12"
number: "308.504"
heading: "Review by the reviewing official."
url: "https://uscodex.org/cfr/12/308.504"
---

# §308.504. Review by the reviewing official.

- (a) If, based on the report of the investigating official under [§ 308.503(b)](/cfr/12/308.503.md?p=b) of this subpart, the reviewing official determines that there is adequate evidence to believe that a person is liable under [§ 308.502](/cfr/12/308.502.md) of this subpart, the reviewing official will transmit to the Attorney General a written notice of the reviewing official's intention to issue a complaint under [§ 308.506](/cfr/12/308.506.md) of this subpart.
- (b) Such notice will include:
  - (1) A statement of the reviewing official's reasons for issuing a complaint;
  - (2) A statement specifying the evidence that supports the allegations of liability;
  - (3) A description of the claims or statements upon which the allegations of liability are based;
  - (4) An estimate of the amount of money or the value of property, services, or other benefits requested or demanded in violation of [§ 308.502](/cfr/12/308.502.md) of this subpart;
  - (5) A statement of any exculpatory or mitigating circumstances that may relate to the claims or statements known by the reviewing official or the investigating official; and
  - (6) A statement that there is a reasonable prospect of collecting an appropriate amount of penalties and assessments. Such a statement may be based upon information then known, or upon an absence of any information indicating that the person may be unable to pay such amount.

## Notes

### Source

Source: 66 FR 9189, Feb. 7, 2001, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 93(b), 164, 505, 1464, 1467(d), 1467a, 1468, 1815(e), 1817, 1818, 1819, 1820, 1828, 1829, 1829(b), 1831i, 1831m(g)(4), 1831 o, 1831p-1, 1832(c), 1884(b), 1972, 3102, 3108(a), 3349, 3909, 4717, 5412(b)(2)(C), 5414(b)(3); 15 U.S.C. 78(h) and (i), 78 o (c)(4), 78 o -4(c), 78 o -5, 78q-1, 78s, 78u, 78u-2, 78u-3, 78w, 6801(b), 6805(b)(1); 28 U.S.C. 2461 note; 31 U.S.C. 330, 5321; 42 U.S.C. 4012a; Pub. L. 104-134, sec. 31001(s), 110 Stat. 1321; Pub. L. 109-351, 120 Stat. 1966; Pub. L. 111-203, 124 Stat. 1376; Pub. L. 114-74, sec. 701, 129 Stat. 584.

### Source

Source: 56 FR 37975, Aug. 9, 1991, unless otherwise noted.