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Cease-and-desist order

Definition: [crh] An order issued after notice and opportunity for hearing, requiring a depository institution, a holding company or a depository institution official to terminate unlawDefinition: ful, unsafe or unsound banking practices. Cease-and-desist orders are issued by the appropriate federal regulatory agencies under the Financial Institutions Supervisory Act and can be enforced directDefinition: ly by the courts.

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