[Code of Federal Regulations]
[Title 12, Volume 4]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR366.14]

[Page 561]
 
                       TITLE 12--BANKS AND BANKING
 
           CHAPTER III--FEDERAL DEPOSIT INSURANCE CORPORATION
 
PART 366_MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR--Table of Contents
 
Sec. 366.14  What information must I provide the FDIC?

    You must:
    (a) Certify in writing that you can perform services for us under 
Sec. 366.3 and have no conflict of interest under Sec. 366.10(a).
    (b) Submit a list and description of any instance during the 
preceding five years in which you, any person that owns or controls you, 
or any entity you own or control, defaulted on a material obligation to 
an insured depository institution. A default on a material obligation 
occurs when a loan or advance with an outstanding balance of more than 
$50,000 is or was delinquent for 90 days or more.
    (c) Notify us within 10 business days after you become aware that 
you, or any person you employ to perform services for us, are not in 
compliance with this part. Your notice must include a detailed 
description of the facts of the situation and how you intend to resolve 
the matter.
    (d) Agree in writing that you will employ only persons who meet the 
requirements of this part to perform services on our behalf.
    (e) Comply with any request from us for information.
    (f) Retain any information you prepare or rely upon regarding the 
provisions of this part for a period of three years following 
termination or expiration and final payment of the related contract for 
services whichever occurs last.