12 USC 5217 - Contracting procedures

U.S Code last checked for updates: Nov 22, 2024

§ 5217.

Contracting procedures

(a)

Streamlined process

(b)

Additional contracting requirements

(c)

Eligibility of FDIC

Notwithstanding subsections (a) and (b), the Corporation—

(1)

shall be eligible for, and shall be considered in, the selection of asset managers for residential mortgage loans and residential mortgage-backed securities; and

(2)

shall be reimbursed by the Secretary for any services provided.

(Pub. L. 110–343, div. A, title I, § 107, Oct. 3, 2008, 122 Stat. 3773; Pub. L. 111–5, div. A, title XVI, § 1608, Feb. 17, 2009, 123 Stat. 304.)

cite as: 12 USC 5217