Title 12 — Banks and BankingRelease 119-73

§2267a Jurisdiction over institution-affiliated parties

Title 12 › Chapter CHAPTER 23— - FARM CREDIT SYSTEM › Subchapter SUBCHAPTER V— - FARM CREDIT ADMINISTRATION ORGANIZATION › Part Part C— - Enforcement Powers of Farm Credit Administration › § 2267a

Last updated Apr 6, 2026|Official source

Summary

The Farm Credit Administration can take enforcement action and bring cases against people connected to Farm Credit System institutions for matters under sections 2261, 2262, and 2268. Leaving a job or losing affiliation (even because of a merger, conservatorship, or receivership) does not stop the Administration from issuing notices or orders, but any such notice must be served within 6 years after the person stopped being affiliated; that stopping date may be before, on, or after December 20, 2018.

Full Legal Text

Title 12, §2267a

Banks and Banking — Source: USLM XML via OLRC

(a)For purposes of section 2261, 2262, and 2268 of this title, the jurisdiction of the Farm Credit Administration over parties, and the authority of the Farm Credit Administration to initiate actions, shall include enforcement authority over institution-affiliated parties.

(b)Subject to subsection (c), the resignation, termination of employment or participation, or separation of an institution-affiliated party (including a separation caused by the merger, consolidation, conservatorship, or receivership of a Farm Credit System institution) shall not affect the jurisdiction and authority of the Farm Credit Administration to issue any notice or order and proceed under this part against that party.

(c)To proceed against a party under subsection (b), the notice or order described in that subsection shall be served not later than 6 years after the date on which the party ceased to be an institution-affiliated party with respect to the applicable Farm Credit System institution.

(d)The date on which a party ceases to be an institution-affiliated party described in subsection (c) may occur before, on, or after December 20, 2018.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2267a

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73