Who cannot perform contractual services for the FDIC?

CFR · 2024-01-01 · US · Title 12

We will not enter into a contract with you to perform a service or function on our behalf, if you or any person that owns or controls you, or any entity you own or control: (a) Has a felony conviction; (b) Was removed from or is prohibited from participating in the affairs of an insured depository institution as a result of a federal banking agency final enforcement action; (c) Has a pattern or practice of defalcation; or (d) Is responsible for a substantial loss to the Deposit Insurance Fund (or any predecessor deposit insurance fund).

official document · source cfr-2024 · id 12:§ 366.3