12 CFR Part 340 - RESTRICTIONS ON SALE OF ASSETS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION

§ 340.1 — What is the statutory authority for the regulation, what are its purpose and scope, and can the FDIC have other policies on related topics?
§ 340.2 — Definitions.
§ 340.3 — What are the restrictions on the sale of assets by the FDIC if the buyer wants to finance the purchase with a loan from the FDIC?
§ 340.4 — What are the restrictions on the sale of assets by the FDIC regardless of the method of financing?
§ 340.5 — Can the FDIC deny a loan to a buyer who is not disqualified from purchasing assets using seller-financing under this regulation?
§ 340.6 — What is the effect of this part on transactions that were entered into before its effective date?
§ 340.7 — When is a certification required, and who does not have to provide a certification?
§ 340.8 — Does this part apply in the case of a workout, resolution, or settlement of obligations?

Authority:

12 U.S.C. 1819 (Tenth), 1821(p).

Source:

65 FR 14818, Mar. 20, 2000, unless otherwise noted.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

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

§ 1819 - Corporate powers

§ 1821 - Insurance Funds

Title 12 published on 2014-01-01

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

2014-10-24; vol. 79 # 206 - Friday, October 24, 2014

79 FR 63580 - Restrictions on Sale of Assets by the Federal Deposit Insurance Corporation

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2014-25337
RIN	3064-AE26

FEDERAL DEPOSIT INSURANCE CORPORATION

Notice of proposed rulemaking.

Written comments must be received by the FDIC not later than December 23, 2014.

12 CFR Part 340

Summary

The Federal Deposit Insurance Corporation (FDIC) is proposing to amend our regulations. Part 340 implements section 11(p) of the Federal Deposit Insurance Act. Under section 11(p), individuals or entities whose acts or omissions have, or may have, contributed to the failure of an insured depository institution cannot buy the assets of that failed insured depository institution from the FDIC. The proposed revisions to part 340 will help to clarify its purpose, scope and applicability, and will make it more consistent in our regulations, the parallel provision in the FDIC's Orderly Liquidation Authority regulations that implements section 210(r) of the Dodd-Frank Wall Street Reform and Consumer Protection Act by placing restrictions on sales of assets of a covered financial company by the FDIC. Sections of part 340 became effective on July 1, 2014.

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12 CFR Part 340 - RESTRICTIONS ON SALE OF ASSETS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION

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