---
kind: "section"
citation: "12 C.F.R. § 229.37"
title: "12"
number: "229.37"
heading: "Variation by agreement."
url: "https://uscodex.org/cfr/12/229.37"
---

# §229.37. Variation by agreement.


The effect of the provisions of subpart C may be varied by agreement, except that no agreement can disclaim the responsibility of a bank for its own lack of good faith or failure to exercise ordinary care, or can limit the measure of damages for such lack or failure; but the parties may determine by agreement the standards by which such responsibility is to be measured if such standards are not manifestly unreasonable.


## Notes

### Authority

Authority: 12 U.S.C. 4001-4010, 12 U.S.C. 5001-5018.

### Source

Source: 53 FR 19433, May 27, 1988, unless otherwise noted.