12 CFR 1102.20 - Authority, purpose, and scope.
(a)Authority. This subpart is issued under sections 1103, 1106, 1118 and 1119(c) of title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) ( 12 U.S.C. 3332, 3335, 3347, and 3348(c)).
(b)Purpose and scope. This subpart prescribes rules of practice and procedure governing non-recognition proceedings under section 1118 of title XI ( 12 U.S.C. 3347); and other proceedings necessary to carry out the purposes of title XI under section 1119(c) of title XI ( 12 U.S.C. 3348(c)).