12 CFR 612.2302
§ 612.2302 Notification of board of directors and bonding company.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 612.2302, § 612.2302 Notification of board of directors and bonding company, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47689
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Full text
(a) The institution's board of directors shall be promptly notified of any criminal referral by the institution, except that if the criminal referral involves a member of the board of directors, discretion may be exercised in notifying such member of the referral.
(b) The institution involved shall promptly make all required notifications under any applicable surety bond or other contract for protection.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.