12 CFR 1253.1 - Purpose and authority.

Regulations last checked for updates: May 24, 2025

Title 12 - Banks and Banking last revised: May 21, 2025

View all text of Part 1253 [§ 1253.1 - § 1253.11]

§ 1253.1 - Purpose and authority.

The purpose of this part is to establish policies and procedures implementing the prior approval authority for Enterprise products, in accordance with section 1321 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4541), as amended (Safety and Soundness Act).

authority: 12 U.S.C. 4511; 12 U.S.C. 4513; 12 U.S.C. 4526; 12 U.S.C. 4541.

source: 88 FR 79229, Dec. 27, 2022, unless otherwise noted.

cite as: 12 CFR 1253.1