troubled condition

(B)The term “State supervisory fees” means assessments, examination fees, branch fees, license fees, and all other fees that are levied or charged by a State bank supervisor directly upon an insured State bank or upon branches of an insured State bank. (C)Solely for purposes of paragraph (2)(B), an insured State bank has been determined to be in “troubled condition” if the bank— (i)has a composite rating, as determined in its most recent report of examination, of 4 or 5 under the Uniform Financial Institutions Ratings System; (ii)is subject to a proceeding initiated by the Corporation for termination or suspension of deposit insurance; or (iii)is subject to a proceeding initiated by the State bank supervisor of the bank’s home State to vacate, revoke, or terminate the charter of the bank, or to liquidate the bank, or to appoint a receiver for the bank.

Source

12 USC § 1820(h)(7)(B)


Scoping language

For purpose of this section
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