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12 CFR 366.7

§ 366.7 Will the FDIC waive the prohibitions under § 366.3?

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

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12 CFR 366.7, § 366.7 Will the FDIC waive the prohibitions under § 366.3?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47075
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We may waive the prohibitions for entities other than individuals for good cause shown at our discretion when our need to contract for your services outweighs all relevant factors. The statute does not allow us to waive the prohibitions for individuals.

Legislative history

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