§340.3. What are the restrictions on the sale of assets by the FDIC if the buyer wants to finance the purchase with a loan from the FDIC? — Inbound Citations
12 C.F.R. § 340.3
Statutory Authority
Cited by 1 regulation in release Current.
Citations to 12 C.F.R. § 340.3 as a whole
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The restrictions of §§ 340.3 and 340.4 do not apply if the sale or transfer of an asset resolves or settles, or is part of the resolution or settlement of, one or more obligations or claims that have been, or could have been, asserted by the FDIC against the person with whom the FDIC is settling regardless of the amount of such obligations or claims.