HUD MRB
15-AF-0058-MR-001 — BCB Community Bank (Dismissal)
May 19, 2015 · Effective May 19, 2015
Summary
HUD's Mortgagee Review Board issued a Notice of Administrative Action regarding withdrawal against BCB Community Bank, a bank respondent. The bank requested a hearing but later reached a settlement with HUD, resulting in the matter being dismissed with prejudice. No findings of fact or violations were adjudicated.
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UNITED STATES OF AMERICA DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OFFICE OF HEARINGS AND APPEALS
In the Matter of: BCB COMMUNITY BANK, Respondent.
15-AF-0058-MR-001 May 19, 2015
ORDER GRANTING MOTION TO DISMISS WITH PREJUDICE
On April 6, 2015, BCB Community Bank (“Respondent”) requested a hearing concerning a Notice of Administrative Action: Withdrawal issued by the U.S. Department of Housing and Urban Development (“HUD”) on March 30, 2015.
Thereafter the parties engaged in settlement discussions that resulted in a settlement agreement obviating the need for a hearing in this matter. As a result, and pursuant to that agreement, HUD requested dismissal of the matter on May 19, 2015. A copy of the agreement is attached to the Government’s Motion to Dismiss with Prejudice (“Motion”), but the Court has not been asked to review or approve it.
Accordingly, for good cause shown, the Government’s Motion is GRANTED and the matter is DISMISSED with prejudice.
So ORDERED.
Common questions
- What does "15-AF-0058-MR-001 — BCB Community Bank (Dismissal)" cover?
- HUD's Mortgagee Review Board issued a Notice of Administrative Action regarding withdrawal against BCB Community Bank, a bank respondent. The bank…
- Which agency issued this update?
- This update was issued by HUD MRB.
- When does it take effect?
- It takes effect on May 19, 2015.