1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter III - FEDERAL DEPOSIT INSURANCE CORPORATION
  4. Subchapter B - REGULATIONS AND STATEMENTS OF GENERAL POLICY
  5. Part 340 - RESTRICTIONS ON SALE OF ASSETS OF A FAILED INSTITUTION BY THE FEDERAL DEPOSIT INSURANCE CORPORATION
  6. 12 CFR § 340.6
12 CFR § 340.6
What is the effect of this part on transactions that were entered into before its effective date?
November 10, 2020
CFR

This part does not affect the enforceability of a contract of sale and/or agreement for seller financing in effect prior to July 1, 2000.

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§ 340.5 Can the FDIC deny a loan to a buyer who is not disqualified from purchasing assets using seller-financing under this regulation?
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§ 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?

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