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12 CFR 238.71

§ 238.71 Purpose.

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 238.71, § 238.71 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45053
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Full text

This subpart implements 12 U.S.C. 1831i, which requires certain savings and loan holding companies to notify the Board before appointing or employing directors and senior executive officers.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.