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Code · CFR · Title 12 — Banks and Banking · Part 366 — Minimum Standards of Integrity and Fitness for an FDIC Contractor · § 366.7

§ 366.7. Will the FDIC waive the prohibitions under § 366.3?

41 words·~1 min read·/us/cfr/t12/s§ 366.7·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

We may waive the prohibitions for entities other than individuals for good cause shown at our discretion when our need to contract for your services outweighs all relevant factors. The statute does not allow us to waive the prohibitions for individuals.
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