§ 4227. — Unreviewed declarations; petition to pursue action as private contractor.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4227]
TITLE 12--BANKS AND BANKING
CHAPTER 43--ACTIONS AGAINST PERSONS COMMITTING BANK FRAUD CRIMES
SUBCHAPTER II--DECLARATIONS PROVIDING UNITED STATES WITH NEW INFORMATION
CONCERNING RECOVERY OF ASSETS
Sec. 4227. Unreviewed declarations; petition to pursue action as
private contractor
(a) Notification
(1) If, pursuant to section 4226(d)(1)(B) 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 of this chapter
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 4226(d)(1)(B) 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) of this
section, the Attorney General shall--
(1) grant a contract pursuant to subchapter III of this chapter;
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 of this
chapter.
(Pub. L. 101-647, title XXV, Sec. 2582, Nov. 29, 1990, 104 Stat. 4903.)
Section Referred to in Other Sections
This section is referred to in section 4223 of this title.
