12 U.S.C. · Banks and Banking
12 U.S.C. § 1831aa

Enforcement of agreements

Ch. 16 — FEDERAL DEPOSIT INSURANCE CORPORATION
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 16
Statutory Text

12 U.S.C. § 1831aa — Enforcement of agreements

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. 1831aa - Enforcement of agreements From the U.S. Government Publishing Office, www.gpo.gov

§1831aa. Enforcement of agreements

(a) In general Notwithstanding clause (i) or (ii) of section 1818(b)(6)(A) of this title or section 1831o(e)(2)(E)(i) of this title, the appropriate Federal banking agency for a depository institution may enforce, under section 1818 of this title, the terms of— (1) any condition imposed in writing by the agency on the depository institution or an institution-affiliated party in connection with any action on any application, notice, or other request concerning the depository institution; or (2) any written agreement entered into between the agency and the depository institution or an institution-affiliated party. (b) Receiverships and conservatorships After the appointment of the Corporation as the receiver or conservator for a depository institution, the Corporation may enforce any condition or agreement described in paragraph (1) or (2) of subsection (a) imposed on or entered into with such institution or institution-affiliated party through an action brought in an appropriate United States district court.

(Sept. 21, 1950, ch. 967, §2[50], as added Pub. L. 109–351, title VII, §702(a), Oct. 13, 2006, 120 Stat. 1985.)

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12 U.S.C. § 1831aa
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The statutory text of 12 U.S.C. § 1831aa is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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