Appointment of conservator for a significantly undercapitalized or critically undercapitalized Enterprise.

CFR · 2024-01-01 · US · Title 12

(a) (1) The amount of core capital of the Enterprise is less than the minimum capital level; and (2) The alternative remedies available to OFHEO under the 1992 Act are not satisfactory. (b) (2) (i) The appointment of a conservator would have serious adverse effects on economic conditions of national financial markets or on the financial stability of the housing finance market; and (ii) The public interest would be better served by taking some other enforcement action authorized under this title. (c) (d) (2)

official document · source cfr-2024 · id 12:§ 1777.28