12 CFR 308.21 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (Parts 300-302 To Parts 415-499) — Federal Deposit Insurance Corporation (Parts 300-302 To Parts 392-399) — Procedure And Rules Of Practice (Parts 300-302 To §§ 313.164-313.180) — Rules Of Practice And Procedure (§ 308.1 To § 308.605) — Uniform Rules Of Practice And Procedure (§ 308.1 To § 308.41) — Failure to appear.

Failure of a respondent to appear in person at the hearing or by a duly authorized counsel constitutes a waiver of respondent's right to a hearing and is deemed an admission of the facts as alleged and consent to the relief sought in the notice. Without further proceedings or notice to the respondent, the administrative law judge shall file with the Board of Directors a recommended decision containing the findings and the relief sought in the notice.