← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Restrictions on the Sale of Assets from the Federal Deposit Insurance Corporation

FDIC · final-rule · Published 2000-03-20 · Effective 2000-07-01 · 65 FR 14816

Document

Document number
00-6823
Federal Register citation
65 FR 14816
CFR reference
12 CFR 340
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2000-03-20
Effective date
2000-07-01

Abstract

The Federal Deposit Insurance Corporation (FDIC) is issuing this rule to implement certain requirements of the Resolution Trust Corporation Completion Act of 1993. Under that law, people or entities that may have done certain acts that might have contributed to the failure of an insured institution may not buy assets of failed institutions from the FDIC. This rule establishes a self-certification process as a prerequisite to the purchase of assets from the FDIC and provides definitions of various terms in the law in order to make the limitations of the law clearer.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown