Title 12, Banks and BankingRelease 119-110

§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 Sep 22, 2026|Official source

Summary

When the Attorney General tells a person who made allegations that those allegations have not yet been handled, that person can ask the Attorney General to give them a contract under subchapter III so they can pursue the case as a private contractor. The person must file that request within 30 days after they get the notice, and the Attorney General must reply within 30 days after getting the request. The Attorney General will either award the contract or instead start the case themself. If the contract is awarded, the person, after talking with the Attorney General, may pick the lawyer to bring the case, and the person and that lawyer must follow the rules in subchapter III.

Full Legal Text

Title 12, §4207

Banks and Banking, Source: USLM XML via OLRC

(a)Notification

(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)Contents of response

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)Grant of contract

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

Sep 22, 2026

Release point: 119-110