12 CFR § 24.7 - Examination, records, and remedial action.

---
identifier: "/us/cfr/t12/s24.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 24.7 - Examination, records, and remedial action."
title_number: 12
title_name: "Banks and Banking"
section_number: "24.7"
section_name: "Examination, records, and remedial action."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "24"
part_name: "COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 24(Eleventh), 93a, 481, and 1818."
regulatory_source: "61 FR 49660, Sept. 23, 1996, unless otherwise noted."
cfr_part: "24"
---


# 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.

(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 of this part, including, where applicable, the criteria of § 25.23 of appendix G to 12 CFR part 25, 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.

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