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Title 12, Banks and BankingRelease 119-110

§2267a Jurisdiction Over Institution-affiliated Parties

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

Last updated Sep 22, 2026|Official source

Summary

The Farm Credit Administration has the power to enforce the rules in sections 2261, 2262, and 2268 against people who are institution-affiliated parties. If someone quits, is fired, or leaves because of a merger, consolidation, conservatorship, or receivership, the FCA can still issue notices or orders and take action against them. The FCA must deliver any such notice or order no later than 6 years after the person stopped being an institution-affiliated party. That 6-year limit applies whether the person left before, on, or after December 20, 2018.

Full Legal Text

Title 12, §2267a

Banks and Banking, Source: USLM XML via OLRC

(a)In general
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)Effect of separation on jurisdiction and authority
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)Limitation
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)Applicability
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

Sep 22, 2026

Release point: 119-110