Nonconforming subsidiaries, assets, and activities.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) The covered savings association has made a good faith effort to divest, (2) Divestiture, conformance, or discontinuation would have a material adverse financial effect on the covered savings association; and (3) Retention or continuation of the nonconforming subsidiary, asset, or activity is consistent with the safe and sound operation of the covered savings association. (c)

official document · source cfr-2024 · id 12:§ 101.5