Statutes, codes, and regulations
Code of Federal Regulations
Title 12 - BANKS AND BANKINGChapter III - FEDERAL DEPOSIT INSURANCE CORPORATIONSubchapter B - REGULATIONS AND STATEMENTS OF GENERAL POLICY
Part 366 - MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR
Section 366.7 - Will the FDIC waive the prohibitions under Section 366.3?

12 C.F.R. § 366.7

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Current through November 30, 2024
Section 366.7 - Will the FDIC waive the prohibitions under Section 366.3?

We may waive the prohibitions for entities other than individuals for good cause shown at our discretion when our need to contract for your services outweighs all relevant factors. The statute does not allow us to waive the prohibitions for individuals.

12 C.F.R. §366.7