← All regulatory updates

HUD MRB

15-AF-0090-MR-002 — City Savings Bank & Trust (Dismissal)

October 21, 2015 · Effective October 21, 2015

Summary

The U.S. Department of Housing and Urban Development's Mortgagee Review Board dismissed with prejudice its enforcement action against City Savings Bank & Trust after the parties entered into a settlement agreement. The order, issued October 21, 2015, does not detail the alleged violations or the terms of the settlement.

AI-generated summary · Jul 16, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

UNITED STATES OF AMERICA DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OFFICE OF HEARINGS AND APPEALS

In the Matter of: CITY SAVINGS BANK & TRUST, Respondent.

15-AF-0090-MR-002 October 21, 2015

ORDER GRANTING MOTION TO DISMISS

On October 21, 2015, the Court received Government’s Notice of Settlement and Motion to Dismiss with Prejudice ("Motion to Dismiss"). The Government states that the parties "have entered into a Settlement Agreement in the above-captioned matter." The Court has not been asked to review or approve the settlement, but a copy of the executed agreement was attached to the Motion to Dismiss.

For good cause, and without objection, the Motion to Dismiss is GRANTED and the matter is DISMISSED, with prejudice.

So ORDERED,

Source: https://www.hud.gov/sites/dfiles/HA/documents/15-AF-0090-MR-002-Motion-to-Dismiss-10212015.pdf

Common questions

What does "15-AF-0090-MR-002 — City Savings Bank & Trust (Dismissal)" cover?
The U.S. Department of Housing and Urban Development's Mortgagee Review Board dismissed with prejudice its enforcement action against City Savings Bank &…
Which agency issued this update?
This update was issued by HUD MRB.
When does it take effect?
It takes effect on October 21, 2015.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates

Stop missing the rule that costs you a loan.