Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024
§ 704.16 - Contracts/written agreements.

Services, facilities, personnel, or equipment shared with any party shall be supported by a written contract, with the duties and responsibilities of each party specified and the allocation of service fee/expenses fully supported and documented.

authority: 12 U.S.C. 1766(a), 1781, 1789
source: 62 FR 12938, Mar. 19, 1997, unless otherwise noted.
cite as: 12 CFR 704.16