Title 12 — Banks and BankingRelease 119-73not60

§4207 Unreviewed Declarations; Petition to Pursue Action as Private Contractor

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

Last updated Apr 3, 2026|Official source

Summary

Allows a person who made allegations (the "declarant") to ask the Attorney General for a contract to pursue the case if the Attorney General says the allegations haven’t been handled. The request must be filed within 30 days after that notice, and the Attorney General must reply within 30 days of getting it. The Attorney General will either give a contract under subchapter III or take the case themselves. If a contract is given, the declarant, after talking with the Attorney General, can choose the lawyer who will run the lawsuit, and the declarant and lawyer 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 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60