12 CFR 1805.810 - Limitation on liability.

Regulations last checked for updates: Feb 22, 2025

Title 12 - Banks and Banking last revised: Jan 27, 2025

View all text of Subpart H [§ 1805.800 - § 1805.811]

§ 1805.810 - Limitation on liability.

The liability of the CDFI Fund and the United States Government arising out of any assistance to a CDFI in accordance with this part shall be limited to the amount of the investment in the CDFI. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing in this section shall affect the application of any Federal tax law.

authority: 12 U.S.C. 4703,4703,4710,4717; and 31 U.S.C. 321.

source: 80 FR 52382, Aug. 31, 2015, unless otherwise noted.

cite as: 12 CFR 1805.810