Action Taken When the DTC Sets

WARNING: This page is about a different car, the 2007 Saturn Vue. However, it is still accessible from the selected car via links, so may be relevant.

The TCM illuminates the malfunction indicator lamp (MIL) during the second consecutive trip in which the Conditions for Setting the DTC are met.
The TCM commands maximum line pressure.
The TCM forces the TCC solenoid OFF.
The TCM inhibits TCC engagement.
The Hybrid control module (HCM) inhibits Hybrid operation.
The TCM freezes transmission adaptive functions.
The TCM inhibits 4th gear when in HOT mode.
The TCM records the operating conditions when the Conditions for Setting the DTC are met. The TCM stores this information as Freeze Frame and Failure Records.
The TCM stores DTC P2763 in TCM history.