---
kind: "section"
citation: "12 C.F.R. § 390.423"
title: "12"
number: "390.423"
heading: "Waiver."
url: "https://uscodex.org/cfr/12/390.423"
---

# §390.423. Waiver.

- (a) The FDIC may waive any requirement of this subpart, or any required information:
  - (1) Determined to be unnecessary by the FDIC;
  - (2) In connection with a transaction approved by the FDIC for supervisory reasons, or
  - (3) Where a provision of this subpart conflicts with a requirement of applicable state law.
- (b) Any condition, stipulation or provision binding any person acquiring a security issued by a State savings association which seeks to waive compliance with any provision of this subpart shall be void, unless approved by the FDIC.

## Notes

### Authority

Authority: 12 U.S.C. 1819. Subpart Q also issued under 12 U.S.C. 1462; 1462a; 1463; 1464. Subpart W also issued under 12 U.S.C. 1462a; 1463; 1464; 15 U.S.C. 78c; 78l; 78m; 78n; 78p; 78w.

### Source

Source: 76 FR 47655, Aug. 5, 2011, unless otherwise noted.