12 CFR § 622.81 - Default.

---
identifier: "/us/cfr/t12/s622.81"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 622.81 - Default."
title_number: 12
title_name: "Banks and Banking"
section_number: "622.81"
section_name: "Default."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "FARM CREDIT SYSTEM"
part_number: "622"
part_name: "RULES OF PRACTICE AND PROCEDURE"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 5.9, 5.10, 5.17, 5.25-5.37 of the Farm Credit Act (12 U.S.C. 2243, 2244, 2252, 2261-2273); 28 U.S.C. 2461 note; and 42 U.S.C. 4012a(f)."
regulatory_source: "51 FR 21139, June 11, 1986, unless otherwise noted."
cfr_part: "622"
---


# 622.81 Default.

If the subject individual fails to file a petition for a hearing, or fails to appear at a hearing, either in person or by an attorney, or fails to submit a written argument where oral argument has been waived, the notice shall remain in effect until the information, indictment, or complaint is finally disposed of and the order shall remain in effect until terminated by the Board.