12 CFR 223.13
§ 223.13 What safety and soundness requirement applies to covered transactions?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 223.13, § 223.13 What safety and soundness requirement applies to covered transactions?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/44610
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Full text
A member bank may not engage in any covered transaction, including any transaction exempt under this regulation, unless the transaction is on terms and conditions that are consistent with safe and sound banking practices.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.