Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 12 - Banks and Banking |
Chapter XII - Federal Housing Finance Agency |
SubChapter B - Entity Regulations |
Part 1231 - Golden Parachute and Indemnification Payments |
§ 1231.1 - Purpose.
Latest version.
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§ 1231.1 Purpose.
The purpose of this part is to implement section 1318(e) of the Safety and Soundness Act (12 U.S.C. 4518(e)) by setting forth the standards factors that the Director will take into consideration in determining whether to limit or prohibit golden parachute payments and agreements and by setting forth conditions for prohibited and permissible indemnification payments that regulated entities and the Office of Finance (OF) may make to affiliated parties.