Causes for exclusion.

CFR · 2024-01-01 · US · Title 12

The FDIC may exclude a contractor, in accordance with the procedures set forth in this part, upon a finding that: (a) The contractor has been convicted of any felony; (b) The contractor has been removed from, or prohibited from participating in the affairs of, any insured depository institution pursuant to any final enforcement action by the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, or the FDIC or their successors; (c) The contractor has demonstrated a pattern or practice of defalcation; (d) The contractor has caused a substantial loss to Deposit Insurance Fund (or any predecessor deposit insurance fund); (e) The contractor has failed to disclose, pursuant to 12 CFR 366.6, a material fact to the FDIC; (f) The contractor has failed to disclosed any material adverse change in the representations and certifications provided to FDIC under 12 CFR 366.6; (g) The contractor has miscertified its status as a minority and/or woman owned business (MWOB); (h) The contractor has a conflict of interest that was not waived by the Ethics Counselor or designee; (i) The contractor has been subject to a final enforcement action by any federal financial institution regulatory agency, or has stipulated to such action; (j) The contractor is debarred from participating in other federal programs; (k) The contractor has been convicted of, or subject to a civil judgment for: (1) Commission of fraud or a criminal o

official document · source cfr-2024 · id 12:§ 367.6