§ 390.423. Waiver.
88 words·~1 min read·
/us/cfr/t12/s§ 390.423·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The FDIC may waive any requirement of this subpart, or any required information:
(1)Determined to be unnecessary by the FDIC;
(2)In connection with a transaction approved by the FDIC for supervisory reasons, or
(3)Where a provision of this subpart conflicts with a requirement of applicable state law.
(b)Any condition, stipulation or provision binding any person acquiring a security issued by a State savings association which seeks to waive compliance with any provision of this subpart shall be void, unless approved by the FDIC.