12 CFR §622.55

1. (a)Notice of assessment. The notice of assessment for a civil money penalty will state:
   1. (1)The legal authority for the assessment;
   2. (2)The amount of the civil money penalty being assessed;
   3. (3)The date by which the civil money penalty must be paid;
   4. (4)The matter of fact or law constituting the grounds for assessment of the civil money penalty;
   5. (5)The right of the institution or person being assessed to a formal hearing to challenge the assessment;
   6. (6)That failure to request a hearing constitutes a waiver of the opportunity for a hearing and the notice of assessment will constitute a final and unappealable order; and
   7. (7)The time limit to request such a formal hearing.
2. (b)Service. The notice of assessment may be served upon the institution or person being assessed by personal service or by certified mail with a return receipt to the institution's or the person's last known address. Such service constitutes issuance of the notice.