Title 12 — Banks and BankingRelease 119-73
§4244 Contract provisions
Title 12 › Chapter CHAPTER 43— - ACTIONS AGAINST PERSONS COMMITTING BANK FRAUD CRIMES › Subchapter SUBCHAPTER III— - USE OF PRIVATE LEGAL RESOURCES › § 4244
Summary
Private-lawyer contracts under section 4241 must let the Attorney General end the contract or stop the lawyer from representing the United States if that is in the U.S. interest, require the lawyer to send monthly reports about the work and progress, and require approval by a properly appointed U.S. officer before starting, settling, dismissing, or compromising any claim.
Full Legal Text
Title 12, §4244
Banks and Banking — Source: USLM XML via OLRC
A contract made with a private counsel under section 4241 of this title shall include—
(1)a provision permitting the Attorney General to terminate either the contract or the private counsel’s representation of the United States in particular cases if the Attorney General finds that such action is in the best interests of the United States;
(2)a provision requiring private counsel to transmit monthly to the Attorney General a report on the services relating to matters handled pursuant to the contract during the preceding month and the progress made during that period; and
(3)a provision requiring that the initiation, settlement, dismissal, or compromise of a claim be approved by a duly appointed officer of the United States.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4244
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73