Title 12Banks and BankingRelease 119-73

§4207 Unreviewed declarations; petition to pursue action as private contractor

Title 12 › Chapter CHAPTER 43— - ACTIONS AGAINST PERSONS COMMITTING BANK FRAUD CRIMES › Subchapter SUBCHAPTER I— - DECLARATIONS PROVIDING NEW CLAIMS TO UNITED STATES › § 4207

Last updated Apr 6, 2026|Official source

Summary

Declarant = the person who made the allegation. If the Attorney General tells a declarant that their allegation has not been handled under section 4206(d)(2), the declarant can ask the Attorney General to give them a contract under subchapter III so they can pursue the case as a private lawyer. The declarant must file that request within 30 days after getting the notice, and the Attorney General must reply within 30 days after getting the request. The Attorney General must either give the contract or move forward with the case themself. If the Attorney General gives the contract, the declarant, after talking with the Attorney General, can pick the lawyer to prosecute the case and must follow the rules in subchapter III.

Full Legal Text

Title 12, §4207

Banks and Banking — Source: USLM XML via OLRC

(a)(1)If, pursuant to section 4206(d)(2) of this title, the Attorney General notifies a declarant that the declarant’s allegations have not yet been addressed, the declarant may notify the Attorney General to award a contract pursuant to subchapter III to pursue the case.
(2)A declarant’s notification under paragraph (1) shall be filed with the Attorney General not later than 30 days after the date of service of notice under section 4206(d)(2) of this title, and the Attorney General shall respond to the notification not later than 30 days after receipt.
(b)In response to a notification under subsection (a)(1), the Attorney General shall—
(1)grant a contract pursuant to subchapter III; or
(2)proceed with an action.
(c)If the Attorney General decides to grant a contract, the declarant, after consultation with the Attorney General, shall have the right to select counsel to prosecute an action, and the declarant and the declarant’s counsel shall act in accordance with subchapter III.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4207

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73