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12 U.S.C. § 4717 — Enforcement
Federal law — U.S. Code and appendices · legal_authorities
**(a) Regulations**
(1) **In general** — Not later than 180 days after the appointment and qualification of the Administrator, the Fund shall promulgate such regulations as may be necessary to carry out this subchapter.
(2) **Regulations required** — The regulations promulgated under paragraph (1) shall include regulations applicable to community development financial institutions that are not insured depository institutions to—
(A) prevent conflicts of interest on the part of directors, officers, and employees of community development financial institutions as the Fund determines to be appropriate; and
(B) establish such standards with respect to loans by a community development financial institution to any director, officer, or employee of such institution as the Fund determines to be appropriate, including loan amount limitations.
**(b) Administrative enforcement** The provisions of this subchapter, and regulations prescribed and agreements entered into under this subchapter, shall be enforced under section 8 of the Federal Deposit Insurance Act [[12 U.S.C. 1818](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1818&num=0&edition=prelim)] by the appropriate Federal banking agency, in the case of an insured community development financial institution. A violation of this subchapter, or any regulation prescribed under or any agreement entered into under this subchapter, shall be treated as a violation of the Federal Deposit Insurance Act [[12 U.S.C. 1811](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1811&num=0&edition=prelim) et seq.].
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Source location: Title 12, Chapter 47, § 4717; chapter-047-community-development-banking.md
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**(a) Regulations**
(1) **In general** — Not later than 180 days after the appointment and qualification of the Administrator, the Fund shall promulgate such regulations as may be necessary to carry out this subchapter.
(2) **Regulations required** — The regulations promulgated under paragraph (1) shall include regulations applicable to community development financial institutions that are not insured depository institutions to—
(A) prevent conflicts of interest on the part of directors, officers, and employees of community development financial institutions as the Fund determines to be appropriate; and
(B) establish such standards with respect to loans by a community development financial institution to any director, officer, or employee of such institution as the Fund determines to be appropriate, including loan amount limitations.
**(b) Administrative enforcement** The provisions of this subchapter, and regulations prescribed and agreements entered into under this subchapter, shall be enforced under section 8 of the Federal Deposit Insurance Act [[12 U.S.C. 1818](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1818&num=0&edition=prelim)] by the appropriate Federal banking agency, in the case of an insured community development financial institution. A violation of this subchapter, or any regulation prescribed under or any agreement entered into under this subchapter, shall be treated as a violation of the Federal Deposit Insurance Act [[12 U.S.C. 1811](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1811&num=0&edition=prelim) et seq.].
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Termination of insurance**
(1) **Voluntary termination** — Any insured depository institution which is not—
(A) a national member bank;
(B) a State member bank;
(C) a Federal branch;
(D) a Federal savings association; or
(E) an insured branch which is required to be insured under subsection (a) or (b) 11 See References in Text note below. of [section 3104 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section3104&num=0&edition=prelim),
may terminate such depository institution’s status as an insured depository institution if such insured institution provides written notice to the Corporation of the institution’s intent to terminate such status not less than 90 days before the effective date of such termination.
(2) **Involuntary termination**
(A) *Notice to primary regulator* — If the Board of Directors determines that—
(i) an insured depository institution or the directors or trustees of an insured depository institution have engaged or are engaging in unsafe or unsound practices in conducting the business of the depository institution;
(ii) an insured depository institution is in an unsafe or unsound condition to continue operations as an insured institution; or
(iii) an insured depository institution or the directors or trustees of the insured institution have violated any applicable law, regulation, order, condition imposed in writing by the Corporation in connection with the approval of any application or other request by the insured depository institution, or written agreement entered into between the insured depository institution and the Corporation,
the Board of Directors shall notify the appropriate Federal banking agency with respect to such institution (if other than the Corp
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Federal law — U.S. Code and appendices · legal_authorities
Whoever, being an officer, agent or employee of or connected in any capacity with the Federal Deposit Insurance Corporation, National Credit Union Administration, any Federal home loan bank, the Federal Housing Finance Agency, Farm Credit Administration, Department of Housing and Urban Development, Federal Crop Insurance Corporation, the Secretary of Agriculture acting through the Farmers Home Administration or successor agency, the Rural Development Administration or successor agency, or the Farm Credit System Insurance Corporation, a Farm Credit Bank, a bank for cooperatives or any lending, mortgage, insurance, credit or savings and loan corporation or association authorized or acting under the laws of the United States or any institution, other than an insured bank (as defined in section 656), the accounts of which are insured by the Federal Deposit Insurance Corporation, or by the National Credit Union Administration Board or any small business investment company, or any community development financial institution receiving financial assistance under the Riegle Community Development and Regulatory Improvement Act of 1994, and whoever, being a receiver of any such institution, or agent or employee of the receiver, embezzles, abstracts, purloins or willfully misapplies any moneys, funds, credits, securities or other things of value belonging to such institution, or pledged or otherwise intrusted to its care, shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both; but if the amount or value embezzled, abstracted, purloined or misapplied does not exceed $1,000, he shall be fined under this title or imprisoned not more than one year, or both.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment of Corporation** There is hereby established a Federal Deposit Insurance Corporation (hereinafter referred to as the “Corporation”) which shall insure, as hereinafter provided, the deposits of all banks and savings associations which are entitled to the benefits of insurance under this chapter, and which shall have the powers hereinafter granted.
**(b) Asset disposition division**
(1) **Establishment** — The Corporation shall have a separate division of asset disposition.
(2) **Management** — The division of asset disposition shall have an administrator who shall be appointed by the Board of Directors.
(3) **Responsibilities of division** — The division of asset disposition shall carry out all of the responsibilities of the Corporation under this chapter relating to the liquidation of insured depository institutions and the disposition of assets of such institutions.
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Federal law — U.S. Code and appendices · legal_authorities
Page 957
TITLE 12—BANKS AND BANKING
§ 1811
Sec.
1831v.
Authority of State insurance regulator and
Securities and Exchange Commission.
1831w.
Safety and soundness firewalls applicable to
financial subsidiaries of banks.
1831x.
Insurance customer protections.
1831y.
CRA sunshine requirements.
1831z.
Bi-annual FDIC survey and report on encour-
aging use of depository institutions by the
unbanked.
1831aa.
Enforcement of agreements.
1831bb.
Capital requirements for certain acquisition,
development, or construction loans.
1831cc.
Data standards.
1831dd.
Open data publication.
1832.
Withdrawals by negotiable or transferable in-
struments for transfers to third parties.
1833.
Repealed.
1833a.
Civil penalties.
1833b.
Comparability in compensation schedules.
1833c.
Comptroller General audit and access to
records.
1833d.
Repealed.
1833e.
Equal opportunity.
1834.
Reduced assessment rate for deposits attrib-
utable to lifeline accounts.
1834a.
Assessment credits for qualifying activities
relating to distressed communities.
1834b.
Community development organizations.
1835.
Insured depository institution capital re-
quirements for transfers of small business
obligations.
1835a.
Prohibition against deposit production of-
fices.
§ 1811. Federal Deposit Insurance Corporation
(a) Establishment of Corporation
There is hereby established a Federal Deposit
Insurance Corporation (hereinafter referred to
as the ‘‘Corporation’’) which shall insure, as
hereinafter provided, the deposits of all banks
and savings associations which are entitled to
the benefits of insurance under this chapter, and
which shall have the powers hereinafter granted.
(b) Asset disposition division
(1) Establishment
The Corporation shall have a separate divi-
s
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1811
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Federal law — U.S. Code and appendices · legal_authorities
Page 1006
TITLE 12—BANKS AND BANKING
§ 1818
1 See References in Text note below.
‘‘(c) For a period of not less than 5 years after the
date of the enactment of this title [July 21, 2010], the
Federal Deposit Insurance Corporation shall make
available to the public the reserve ratio and the des-
ignated reserve ratio using both estimated insured de-
posits and the assessment base under [former] section
7(b)(2)(C) of the Federal Deposit Insurance Act [12
U.S.C. 1817(b)(2) does not contain a subpar. (C)].
‘‘(d) RESERVE RATIO.—Notwithstanding the timing re-
quirements of section 7(b)(3)(E)(ii) of the Federal De-
posit Insurance Act [12 U.S.C. 1817(b)(3)(E)(ii)], the Cor-
poration shall take such steps as may be necessary for
the reserve ratio of the Deposit Insurance Fund to
reach 1.35 percent of estimated insured deposits by Sep-
tember 30, 2020.
‘‘(e) OFFSET.—In setting the assessments necessary to
meet the requirements of subsection (d), the Corpora-
tion shall offset the effect of subsection (d) on insured
depository institutions with total consolidated assets
of less than $10,000,000,000.’’
[For definitions of terms used in section 334(c)–(e) of
Pub. L. 111–203, set out above, see section 5301 of this
title.]
REPORT TO CONGRESS ON REFUNDS, DIVIDENDS, AND
CREDITS FROM DEPOSIT INSURANCE FUND
Pub. L. 109–173, § 5, Feb. 15, 2006, 119 Stat. 3606, re-
quired that any determination under former subsection
(e)(2)(E) of this section be submitted to the Committee
on Banking, Housing, and Urban Affairs of the Senate
and the Committee on Financial Services of the House
of Representatives not later than 270 days after making
such determination and provided that the report sub-
mitted include a detailed explanation for the deter-
mination and a discussion of th
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1818
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Federal law — U.S. Code and appendices · legal_authorities
Page 1747
TITLE 12—BANKS AND BANKING
§ 4719
1 See References in Text note below.
§ 4717. Enforcement
(a) Regulations
(1) In general
Not later than 180 days after the appoint-
ment and qualification of the Administrator,
the Fund shall promulgate such regulations as
may be necessary to carry out this subchapter.
(2) Regulations required
The regulations promulgated under para-
graph (1) shall include regulations applicable
to community development financial institu-
tions that are not insured depository institu-
tions to—
(A) prevent conflicts of interest on the
part of directors, officers, and employees of
community development financial institu-
tions as the Fund determines to be appro-
priate; and
(B) establish such standards with respect
to loans by a community development finan-
cial institution to any director, officer, or
employee of such institution as the Fund de-
termines to be appropriate, including loan
amount limitations.
(b) Administrative enforcement
The provisions of this subchapter, and regula-
tions prescribed and agreements entered into
under this subchapter, shall be enforced under
section 8 of the Federal Deposit Insurance Act
[12 U.S.C. 1818] by the appropriate Federal bank-
ing agency, in the case of an insured community
development financial institution. A violation of
this subchapter, or any regulation prescribed
under or any agreement entered into under this
subchapter, shall be treated as a violation of the
Federal Deposit Insurance Act [12 U.S.C. 1811 et
seq.].
(Pub. L. 103–325, title I, § 119, Sept. 23, 1994, 108
Stat. 2188.)
Editorial Notes
REFERENCES IN TEXT
The Federal Deposit Insurance Act, referred to in
subsec. (b), is act Sept. 21, 1950, ch. 967, § 2, 64 Stat. 873,
which is classified generally to chapter
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4717
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