§ 390.424. Requests for interpretive advice or waiver.
93 words·~1 min read·
/us/cfr/t12/s§ 390.424·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any requests to the FDIC for interpretive advice or a waiver with respect to any provision of this subpart shall satisfy the following requirements:
(a)A copy of the request, including any attachments, shall be filed with the FDIC;
(b)The provisions of this subpart to which the request relates, the participants in the proposed transaction, and the reasons for the request, shall be specifically identified or described; and
(c)The request shall include a legal opinion as to each legal issue raised and an accounting opinion as to each accounting issue raised.