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 366 - MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR
  6. 12 CFR § 366.7
12 CFR § 366.7
Will the FDIC waive the prohibitions under §366.3?
November 10, 2020
CFR

We may waive the prohibitions for entities other than individuals for good cause shown at our discretion when our need to contract for your services outweighs all relevant factors. The statute does not allow us to waive the prohibitions for individuals.

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§ 366.6 How is my ownership or control determined?
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§ 366.8 Who can grant a waiver of a prohibition or conflict of interest?

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