12 CFR 308.166

§ 308.166 Grounds for assessment of liability.

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

Cite this

Citation: 12 CFR 308.166, § 308.166 Grounds for assessment of liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46161
Permanent ID: ys:prov:46161@1
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Full text

Any insured depository institution shall be liable for any loss incurred or reasonably anticipated to be incurred by the corporation, subsequent to August 9, 1989, in connection with the default of a commonly controlled insured depository institution, or any loss incurred or reasonably anticipated to be incurred in connection with any assistance provided by the Corporation to any commonly controlled depository institution in danger of default.

Legislative history

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