§2279bb–6. Supervisory actions applicable to level III — Inbound Citations
12 U.S.C. § 2279bb–6
Cited by 3 provisions in release 119-102.
Citations to 12 U.S.C. § 2279bb–6 as a whole
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(2) that the Corporation is subject to the provisions of section 2279bb–5 or 2279bb–6 of this title, as applicable; and
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(c) The Director shall immediately reclassify the Corporation as within level III (and the Corporation shall be subject to the provisions of section 2279bb–6 of this title), if—(1) the Corporation is within level II; and(A) the Corporation does not submit a capital restoration plan that is approved by the Director; or(B) the Director determines that the Corporation has failed to make, in good faith, reasonable efforts necessary to comply with such a capital restoration plan and fulfill the schedule for the plan approved by the Director.
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(3) The grounds for appointment of a conservator for the Corporation under this subsection shall be in addition to those in section 2279bb–6 of this title.