12 CFR 1231.1

§ 1231.1 Purpose.

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

Cite this

Citation: 12 CFR 1231.1, § 1231.1 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50451
Permanent ID: ys:prov:50451@1
SHA-256: f26621020c1187daed1ced2933969ab567f155d9eadecdf0c99d09cbd19cc2bc

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Full text

The purpose of this part is to implement section 1318(e) of the Safety and Soundness Act (12 U.S.C. 4518(e)) by setting forth the factors that the Director will take into consideration in determining whether to limit or prohibit golden parachute payments and agreements and by setting forth conditions for prohibited and permissible indemnification payments that regulated entities and the Office of Finance (OF) may make to affiliated parties.

Legislative history

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