Summary Decisional Procedure Law and Legal Definition

According to 17 CFR 12.2 ( Title 17 - Commodity and Securities Exchanges; Chapter I - Commodity Futures Trading Commission; Part 12 - Rules Relating To Reparations; Subpart A - General Information And Preliminary Consideration Of Pleadings), summary decisional procedure means, “where the amount of total damages claimed does not exceed $ 30,000, exclusive of interest and costs, a procedure elected by the complainant or the respondent wherein an oral hearing need not be held and proof in support of each party's case may be supplied in the form and manner prescribed by § 12.208.”