Title 12 — Banks and BankingRelease 119-73

§1831aa Enforcement of agreements

Title 12 › Chapter CHAPTER 16— - FEDERAL DEPOSIT INSURANCE CORPORATION › § 1831aa

Last updated Apr 6, 2026|Official source

Summary

Even if other rules say otherwise, the federal agency that supervises a bank can use its enforcement powers to make the bank or people connected to the bank follow any written conditions the agency put on the bank when handling applications, notices, or other requests, and it can enforce any written agreement between the agency and the bank or those connected to it. If the Corporation becomes the bank’s receiver or conservator, the Corporation can enforce those same written conditions or agreements by filing a case in an appropriate U.S. district court.

Full Legal Text

Title 12, §1831aa

Banks and Banking — Source: USLM XML via OLRC

(a)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)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.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1831aa

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73