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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter III - Federal Deposit Insurance Corporation |
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SubChapter B - Regulations and Statements of General Policy |
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Part 366 - Minimum Standards of Integrity and Fitness for an FDIC Contractor |
§ 366.7 - Will the FDIC waive the prohibitions under § 366.3?
Latest version.
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§ 366.7 Will the FDIC waive the prohibitions under § 366.3?
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.