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Loan and Mortgage Terms Glossary

Cease And Desist Order:

A formal demand from the office of thrift supervision, other government agency, or court, to a person or institution ordering an immediate halt to a specified activity. An ots cease and desist order is a formal enforcement action. If the respondent does not challenge the issuance of the order, it is called a consent cease and desist order.


 
     
 
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