12 CFR 1231.5
§ 1231.5 Applicability in the event of receivership.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1231.5, § 1231.5 Applicability in the event of receivership, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50455
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ys:prov:50455@1- SHA-256
0312adb4347683907da19ee0ba1192437e66be26792f0aa7f86fe0baebc37f6a
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Full text
The provisions of this part, or any consent or approval granted under the provisions of this part by FHFA, shall not in any way bind any receiver of a regulated entity. Any consent or approval granted under the provisions of this part by FHFA shall not in any way obligate FHFA as receiver to pay any claim or obligation pursuant to any golden parachute, severance, indemnification, or other agreement, or otherwise improve any claim of any affiliated party on or against FHFA as receiver. Nothing in this part may be construed to permit the payment of salary or any liability or legal expense of an affiliated party contrary to section 1318(e)(3) of the Safety and Soundness Act (12 U.S.C. 4518(e)(3)).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.