§4614. Capital classifications — Inbound Citations
12 U.S.C. § 4614
Cited by 6 provisions in release 119-102.
Citations to 12 U.S.C. § 4614 as a whole
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(c) A regulated entity that is classified as significantly undercapitalized in accordance with section 4614 of this title may not, without prior written approval by the Director—(1) pay any bonus to any executive officer; or(2) provide compensation to any executive officer at a rate exceeding the average rate of compensation of that officer (excluding bonuses, stock options, and profit sharing) during the 12 calendar months preceding the calendar month in which the regulated entity became significantly undercapitalized.
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(1) Classification or reclassification of a regulated entity within a particular capital classification under section 4614 of this title.
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(1) A regulated entity that is not classified as critically undercapitalized and is the subject of a classification under section 4614 of this title or a discretionary supervisory action taken under this subchapter by the Director (other than action to appoint a conservator under section 4616 or 4617 of this title or action under section 46191 of this title) may obtain review of the classification or action by filing, within 10 days after receiving written notice of the Director’s action, a written petition requesting that the classification or action of the Director be modified, terminated, or set aside.
Citations to §4614(a)(1)
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(G) The regulated entity has incurred or is likely to incur losses that will deplete all or substantially all of its capital, and there is no reasonable prospect for the regulated entity to become adequately capitalized (as defined in section 4614(a)(1) of this title).
Citations to §4614(a)(3)
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(J) The regulated entity is undercapitalized or significantly undercapitalized (as defined in section 4614(a)(3) of this title), and—(i) has no reasonable prospect of becoming adequately capitalized;(ii) fails to become adequately capitalized, as required by—(I) section 4615(a)(1) of this title with respect to a regulated entity; or(II) section 4616(a)(1) of this title with respect to a significantly undercapitalized regulated entity;(iii) fails to submit a capital restoration plan acceptable to the Agency within the time prescribed under section 4622 of this title; or(iv) materially fails to implement a capital restoration plan submitted and accepted under section 4622 of this title.
Citations to §4614(a)(4)
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(K) The regulated entity is critically undercapitalized, as defined in section 4614(a)(4) of this title.