12 CFR 1253.1

§ 1253.1 Purpose and authority.

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

Cite this

Citation: 12 CFR 1253.1, § 1253.1 Purpose and authority, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50656
Permanent ID: ys:prov:50656@1
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Full text

The purpose of this part is to establish policies and procedures implementing the prior approval authority for Enterprise products, in accordance with section 1321 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4541), as amended (Safety and Soundness Act).

Legislative history

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