Code · CFR · Title 12 — Banks and Banking · Part 1253 — Prior Approval for Enterprise Products · § 1253.11

§ 1253.11. Preservation of authority.

75 words·~1 min read·/us/cfr/t12/s§ 1253.11·

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The Director's exercise of the Director's authority pursuant to the prior approval authority for products under 12 U.S.C. 4541, and this regulation, in no way restricts:

(a)The safety and soundness authority of the Director over all new and existing products or activities; or

(b)The authority of the Director to review all new and existing products or activities to determine that such products or activities are consistent with the authorizing statute of an Enterprise.

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U.S. Code

Prior approval authority for products
§ 4541

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§ 1253.11

Preservation of authority.

U.S.C.§ 4541

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