---
kind: "section"
citation: "12 U.S.C. § 4637"
title: "12"
title_heading: "Banks and Banking"
number: "4637"
heading: "Notice after separation from service"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4637"
units:
  - "Chapter 46 — Government Sponsored Enterprises"
  - "Subchapter III — Enforcement Provisions"
---

# §4637. Notice after separation from service


The resignation, termination of employment or participation, or separation of an [entity-affiliated party](/usc/12/4502.md?p=11) shall not affect the jurisdiction and authority of the [Director](/usc/12/4502.md?p=9) to issue any notice and proceed under this subchapter against any such [entity-affiliated party](/usc/12/4502.md?p=11), if such notice is served before the end of the 6-year period beginning on the date such [entity-affiliated party](/usc/12/4502.md?p=11) ceases to be associated with the [regulated entity](/usc/12/4502.md?p=20).


## Source credit

(Pub. L. 102–550, title XIII, § 1379, formerly § 1377, Oct. 28, 1992, 106 Stat. 3992; renumbered § 1379 and amended Pub. L. 110–289, div. A, title I, §§ 1153(a)(1), 1156(b)(1), 1157, July 30, 2008, 122 Stat. 2770, 2777.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 1379 of Pub. L. 102–550 was renumbered section 1379B and is classified to section 4639 of this title.

### Amendments

2008—Pub. L. 110–289, § 1157(4), which directed the substitution of “regulated entity.” for “enterprise.” could not be executed because of the prior amendment by Pub. L. 110–289, § 1156(b)(1). See below.

Pub. L. 110–289, § 1157(3), which directed the substitution of “entity-affiliated party” for “director or officer” wherever appearing, was executed by making the substitution for “director or executive officer” in two places, to reflect the probable intent of Congress.

Pub. L. 110–289, § 1157(2), which directed the substitution of “an entity-affiliated party” for “a director or executive officer of an enterprise”, was executed by making the substitution for “a director or executive officer of a regulated entity”, to reflect the probable intent of Congress and the prior amendment by Pub. L. 110–289, § 1156(b)(1). See below.

Pub. L. 110–289, § 1157(1), substituted “6-year” for “2-year”.

Pub. L. 110–289, § 1156(b)(1), substituted “a regulated entity” for “an enterprise” and “the regulated entity” for “the enterprise”.