12 USC 4808 - Revising regulatory requirements for transfers of all types of assets with recourse

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

§ 4808.

Revising regulatory requirements for transfers of all types of assets with recourse

(a)

Review and revision of regulations

(1)

In general

During the 180-day period beginning on September 23, 1994, each appropriate Federal banking agency shall, consistent with the principles of safety and soundness and the public interest—

(A)

review the agency’s regulations and written policies relating to transfers of assets with recourse by insured depository institutions; and

(B)

in consultation with the other Federal banking agencies, promulgate regulations that better reflect the exposure of an insured depository institution to credit risk from transfers of assets with recourse.

(2)

Regulations required

(b)

Regulations required

(1)

In general

(2)

Exception for safety and soundness

(c)

Coordination with section 1835(b) of this title

(d)

Definitions

(Pub. L. 103–325, title III, § 350, Sept. 23, 1994, 108 Stat. 2242.)

cite as: 12 USC 4808