12 CFR 340.7 - When is a certification required, and who does not have to provide a certification?

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There is 1 rule appearing in the Federal Register for 12 CFR Part 340. View below or at eCFR (GPOAccess)
§ 340.7 When is a certification required, and who does not have to provide a certification?
(a) Before any person may purchase any asset from the FDIC that person must certify, under penalty of perjury, that none of the restrictions contained in this part applies to the purchase. The FDIC may establish the form of the certification and may change the form from time to time.
(b) Notwithstanding paragraph (a) of this section, a state or political subdivision of a state, a federal agency or instrumentality such as the Government National Mortgage Association, or a federally-regulated, government-sponsored enterprise such as Fannie Mae or Freddie Mac does not have to give a certification before it can purchase assets from the FDIC, unless theDirector of the FDIC's Division of Resolutions and Receiverships, or his designee, in his discretion, requires a certification of any such entity.

Title 12 published on 2015-01-01.

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2015-04-24; vol. 80 # 79 - Friday, April 24, 2015
    1. 80 FR 22886 - Restrictions on Sale of Assets of a Failed Institution by the Federal Deposit Insurance Corporation
      GPO FDSys XML | Text
      FEDERAL DEPOSIT INSURANCE CORPORATION
      Final rule.
      This final rule is effective July 1, 2015.
      12 CFR Part 340

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United States Code
U.S. Code: Title 12 - BANKS AND BANKING

Title 12 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 340 after this date.

  • 2015-04-24; vol. 80 # 79 - Friday, April 24, 2015
    1. 80 FR 22886 - Restrictions on Sale of Assets of a Failed Institution by the Federal Deposit Insurance Corporation
      GPO FDSys XML | Text
      FEDERAL DEPOSIT INSURANCE CORPORATION
      Final rule.
      This final rule is effective July 1, 2015.
      12 CFR Part 340