12 U.S.C. § 1831aa - U.S. Code - Unannotated Title 12. Banks and Banking § 1831aa. Enforcement of agreements

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(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.

Cite this article: FindLaw.com - 12 U.S.C. § 1831aa - U.S. Code - Unannotated Title 12. Banks and Banking § 1831aa. Enforcement of agreements - last updated January 01, 2018 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-1831aa/


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