12 CFR 269b.710
§ 269b.710 Rules to be liberally construed.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 269b.710, § 269b.710 Rules to be liberally construed, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45840
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Full text
(a) Whenever the panel finds that unusual circumstances or good cause exist and that strict compliance with the terms of the rules and regulations in this subchapter will work an injustice or unfairness, it shall construe the rules and regulations in this subchapter liberally to prevent injustices and to effectuate the purposes of the policy.
(b) When an act is required or allowed to be done at or within a specified time, the panel may at any time, in its discretion, order the period altered where it shall be manifest that strict adherence will work surprise or injustice or interfere with the proper effectuation of the policy.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.