12 C.F.R. Subpart L—Section 19 of the FDI Act (Consent to Service of Persons Convicted of Certain Criminal Offenses)
Title 12 - Banks and Banking
This subpart covers applications under section 19 of the FDI Act (12 U.S.C. 1829). Pursuant to section 19, any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense, may not become, or continue as, an institution-affiliated party of an insured depository institution; own or control, directly or indirectly, any insured depository institution; or otherwise participate, directly or indirectly, in the conduct of the affairs of any insured depository institution without the prior written consent of the FDIC. (a) Where to file. An application under section 19 of the FDI Act shall be filed with the appropriate FDIC office. (b) Contents of filing. Application forms may be obtained from any FDIC regional director. The FDIC may require additional information beyond that sought in the form, as warranted, in individual cases. In the case of a person who has already been approved by the FDIC under this subpart or section 19 of the FDI Act in connection with a particular insured depository institution, such person may not become an institution affiliated party, or own or control directly or indirectly another insured depository institution, or participate in the conduct of the affairs of another insured depository institution, without the prior written consent of the FDIC. An applicant may request a hearing following a denial of an application in accordance with the provisions of part 308 of this chapter.
Title 12: Banks and Banking
PART 303—FILING PROCEDURES
Subpart L—Section 19 of the FDI Act (Consent to Service of Persons Convicted of Certain Criminal Offenses)
§ 303.220 Scope.
§ 303.221 Filing procedures.
§ 303.222 Service at another insured depository institution.
§ 303.223 Applicant's right to hearing following denial.
§§ 303.224-303.239 [Reserved]
