12 USC 4512 - Director

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

§ 4512.

Director

(a)

Establishment of position

(b)

Appointment; term

(1)

Appointment

(2)

Term

(3)

Vacancy

(4)

Service after end of term

(5)

Transitional provision

(c)

Deputy Director of the Division of Enterprise Regulation

(1)

In general

(2)

Functions

(d)

Deputy Director of the Division of Federal Home Loan Bank Regulation

(1)

In general

(2)

Functions

(e)

Deputy Director for Housing Mission and Goals

(1)

In general

(2)

Functions

(3)

Considerations

(f)

Acting Director

(g)

Limitations

The Director and each of the Deputy Directors may not—

(1)

have any direct or indirect financial interest in any regulated entity or entity-affiliated party;

(2)

hold any office, position, or employment in any regulated entity or entity-affiliated party; or

(3)

have served as an executive officer or director of any regulated entity or entity-affiliated party at any time during the 3-year period preceding the date of appointment or designation of such individual as Director or Deputy Director, as applicable.

(Pub. L. 102–550, title XIII, § 1312, as added Pub. L. 110–289, div. A, title I, § 1101, July 30, 2008, 122 Stat. 2662.)

cite as: 12 USC 4512