Requirements Of Section 19 Of The Federal Deposit Insurance Act

From owning or controlling directly or.

Requirements of section 19 of the federal deposit insurance act. Congress in 1950 generally prohibits individuals convicted of certain crimes from becoming employed by or participating in the affairs of an idi. Section 19 of the federal deposit insurance act fdi act prohibits except with the prior written consent of the fdic any person who has been convicted of any criminal offense involving dishonesty breach of trust or money laundering. Section 19 of the fdi act prohibits without the fdic s prior consent any person from working in banking who has been convicted of a crime of dishonesty or breach of trust or money laundering or who has entered a pretrial diversion or similar program in connection with the prosecution of such an offense.

Section 19 of the federal deposit insurance act 12 u s c. 1829 relating to the requirement for this corporation s consent prior to any insured bank employing persons who have been convicted of crimes involving dishonesty or breach of trust. Section 19 of the federal deposit insurance act prohibits any person who has been convicted of any criminal offense involving dishonesty or a breach of trust or money.

Section 19 of the federal deposit insurance fdi act 12 u s c. 1829 enacted by the u s.