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12 CFR 704.16

§ 704.16 Contracts/written agreements.

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

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12 CFR 704.16, § 704.16 Contracts/written agreements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48476
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Full text

Services, facilities, personnel, or equipment shared with any party shall be supported by a written contract, with the duties and responsibilities of each party specified and the allocation of service fee/expenses fully supported and documented.

Legislative history

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