CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY (parts 501 to 598) > PART 501—REPORTING, PROCEDURES AND PENALTIES REGULATIONS > SUBPART D—Trading With the Enemy Act (TWEA) Penalties (§501.700 to §501.747) > 501.712—Acknowledgment of hearing request.

501.712—Acknowledgment of hearing request.

No later than 60 days after service of any hearing request, the Director shall acknowledge receipt and inform a respondent, in writing, whether an Order Instituting Proceedings shall be issued.