12 CFR § 1091.102 - Issuance of Notice of Reasonable Cause.

---
identifier: "/us/cfr/t12/s1091.102"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1091.102 - Issuance of Notice of Reasonable Cause."
title_number: 12
title_name: "Banks and Banking"
section_number: "1091.102"
section_name: "Issuance of Notice of Reasonable Cause."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1091"
part_name: "PROCEDURES FOR SUPERVISORY DESIGNATION PROCEEDINGS"
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. 5512(b)(1), 5514(a)(1)(C), 5514(b)(7)."
regulatory_source: "90 FR 46040, Sept. 25, 2025, unless otherwise noted."
cfr_part: "1091"
---


# 1091.102 Issuance of Notice of Reasonable Cause.

(a) An initiating official is authorized to issue a Notice of Reasonable Cause to a person stating that the Bureau may have reasonable cause to determine that the respondent is a nonbank covered person that is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services.

(b) A Notice of Reasonable Cause shall be based on:

(1) Complaints collected through the system under 12 U.S.C. 5493(b)(3); or

(2) Information from other sources.

(c) Except as provided in § 1091.111, a Notice of Reasonable Cause shall contain the information set forth in § 1091.103, and be served on respondent as described in § 1091.104.