Section 19 Federal Deposit Insurance Act

Establishes and sets the powers responsibilities and administration of the federal deposit insurance corporation fdic.

Section 19 federal deposit insurance act. Establishes the deposit insurance fund. Section 19 of the federal deposit insurance act prohibits any person who has been convicted of any criminal offense involving dishonesty or a breach of trust or money laundering or has agreed to. The federal statute that among other things.

The federal deposit insurance corporation has for some time been studying in detail section 19 of the federal deposit insurance act 12 u s c. It is usually found in the note section attached to a relevant section of the code usually under a paragraph identified as the short title. Corporate powers 1820.

Termination of status as insured depository institution 1819. Section 19 of the federal deposit insurance act 12 u s c. Federal deposit insurance corporation 1812.

Of the federal deposit insurance act with respect to a member bank including a separation caused by the closing of such a bank shall not affect the jurisdiction and authority of the board to issue any notice and proceed under this section against any such party if such notice is served before the end of the 6. Prohibition under section 19 of the federal deposit insurance fdi act. 1829 prohibits without the prior written consent of the federal deposit insurance corporation fdic a person convicted of any criminal offense involving dishonesty or breach of trust or money laundering covered offenses or who has agreed to enter into a pretrial diversion or similar program program entry in connection with a prosecution for such offense from becoming or continuing as an institution affiliated party owning.

Federal deposit insurance corporation fdic changes to its interpretation of section 19 of the federal deposit insurance act will affect the hiring practices and affirmative action obligations of the financial institutions it regulates. Section 19 of the federal deposit insurance act fdi act prohibits except with the prior written consent of the fdic any person who has been convicted of any criminal offense involving dishonesty breach of trust or money laundering. 1829 relating to the requirement for this corporation s consent prior to any insured bank employing persons who have been convicted of crimes involving dishonesty or breach of trust.

Factors to be considered 1817. Section 19 of the federal deposit insurance act 12 u s c. Or who has entered into a pretrial diversion or similar program in connection with such an offense from becoming or continuing as an institution affiliated party with respect to any.