---
kind: "section"
citation: "12 U.S.C. § 4582"
title: "12"
title_heading: "Banks and Banking"
number: "4582"
heading: "Hearings"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4582"
units:
  - "Chapter 46 — Government Sponsored Enterprises"
  - "Subchapter I — Supervision and Regulation of Enterprises"
  - "Part B — Additional Authorities of the Director"
  - "Subpart 3 — enforcement"
---

# §4582. Hearings

- (a) **Requirements—**
  - (1) **Venue and record—** Any hearing under section [4581](/usc/12/4581.md) or [4585](/usc/12/4585.md) of this title shall be held on the record and in the District of Columbia.
  - (2) **Timing—** Any such hearing shall be fixed for a date not earlier than 30 days nor later than 60 days after service of the notice of charges under [section 4581(b)(1) of this title](/usc/12/4581.md?p=b-1) or determination to impose a penalty under [section 4585(c)(1) of this title](/usc/12/4585.md?p=c-1), unless an earlier or a later date is set by the hearing officer at the request of the [enterprise](/usc/12/4502.md?p=10) served.
  - (3) **Procedure—** Any such hearing shall be conducted in accordance with chapter 5 of title 5.
  - (4) **Failure to appear—** If the [enterprise](/usc/12/4502.md?p=10) served fails to appear at the hearing through a duly authorized representative, such [enterprise](/usc/12/4502.md?p=10) shall be deemed to have consented to the issuance of the cease-and-desist order or the imposition of the penalty for which the hearing is held.
- (b) **Issuance of order—**
  - (1) **In general—** After any such hearing, and within 90 days after the [enterprise](/usc/12/4502.md?p=10) has been notified that the case has been submitted to the [Director](/usc/12/4502.md?p=9) for final decision, the [Director](/usc/12/4502.md?p=9) shall render the decision (which shall include findings of fact upon which the decision is predicated) and shall issue and serve upon the [enterprise](/usc/12/4502.md?p=10) an order or orders consistent with the provisions of this subpart.
  - (2) **Modification—** Judicial review of any such order shall be exclusively as provided in [section 4583 of this title](/usc/12/4583.md). Unless such a petition for review is timely filed as provided in [section 4583 of this title](/usc/12/4583.md), and thereafter until the record in the proceeding has been filed as so provided, the [Director](/usc/12/4502.md?p=9) may at any time, modify, terminate, or set aside any such order, upon such notice and in such manner as the [Director](/usc/12/4502.md?p=9) considers proper. Upon such filing of the record, the [Director](/usc/12/4502.md?p=9) may modify, terminate, or set aside any such order with permission of the court.

## Source credit

(Pub. L. 102–550, title XIII, § 1342, Oct. 28, 1992, 106 Stat. 3965; Pub. L. 110–289, div. A, title I, § 1130(e)(3)(A), July 30, 2008, 122 Stat. 2711.)

## Notes

### Editorial Notes

### Amendments

2008—Subsec. (b). Pub. L. 110–289 substituted “Director” for “Secretary” wherever appearing.