12 CFR 360.4
§ 360.4 Administrative expenses.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 360.4, § 360.4 Administrative expenses, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46999
- Permanent ID
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Full text
The priority for administrative expenses of the receiver, as that term is used in section 11(d)(11) of the Act (12 U.S.C. 1821(d)(11), shall include those necessary expenses incurred by the receiver in liquidating or otherwise resolving the affairs of a failed insured depository institution. Such expenses shall include pre-failure and post-failure obligations that the receiver determines are necessary and appropriate to facilitate the smooth and orderly liquidation or other resolution of the institution.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.