StacksVerified U.S. regulatory reference

12 CFR §366.3

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
We will not enter into a contract with you to perform a service or function on our behalf, if you or any person that owns or controls you, or any entity you own or control:
  1. (a)Has a felony conviction;
  2. (b)Was removed from or is prohibited from participating in the affairs of an insured depository institution as a result of a federal banking agency final enforcement action;
  3. (c)Has a pattern or practice of defalcation; or
  4. (d)Is responsible for a substantial loss to the Deposit Insurance Fund (or any predecessor deposit insurance fund).