12 CFR 1807.907

§ 1807.907 Limitation on liability.

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

Cite this

Citation: 12 CFR 1807.907, § 1807.907 Limitation on liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51363
Permanent ID: ys:prov:51363@1
SHA-256: a7ccd8b23fdbc14648e3afa6fa8a9cf2da22aff47b92fad2b4795cdc3bd57a14

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

The liability of the CDFI Fund and the United States Government arising out of any CMF Award shall be limited to the amount of the CMF Award. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing in this section shall affect the application of any Federal tax law.

Legislative history

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