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12 CFR 1215.12

§ 1215.12 Restrictions that apply to testimony.

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

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12 CFR 1215.12, § 1215.12 Restrictions that apply to testimony, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50338
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(a) The Director may impose conditions or restrictions on testimony, including but not limited to limiting the scope of testimony or requiring the demanding or requesting party and other parties to the legal proceeding to agree that the testimony transcript will be kept under seal or will only be used or made available in the particular legal proceeding for which testimony was requested. The Director may also require a copy of the transcript of testimony to be provided to FHFA at the demanding or requesting party's expense. (b) The Director may offer an employee's written declaration in lieu of testimony. (c) If authorized to testify pursuant to this part, an employee may testify as to facts within his or her personal knowledge, but, unless specifically authorized to do so by the Director, the employee must not: (1) Disclose confidential or privileged information; or (2) Testify as an expert or opinion witness with regard to any matter arising out of the employee's official duties or FHFA's mission or functions. This provision does not apply to requests from the United States for expert or opinion testimony. (d) The Director may assign FHFA Counsel to be present for an employee's testimony.

Legislative history

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