Common Contracts
1 similar null contracts
Federal Deposit Insurance Corporation § 327.36May 17th, 2013
time assessment credit amount by the FDIC, an eligible insured depository in- stitution may enter into an agreement to transfer any portion of such institu- tion’s one-time credit amount and 1996 assessment base ratio to another in- sured depository institution. The par- ties to the agreement shall notify the FDIC’s Division of Finance and submit a written agreement, signed by legal representatives of both institutions. The parties must include documenta- tion stating that each representative has the legal authority to bind the in- stitution. The adjustment to credit amount and the associated 1996 assess- ment base ratio shall be made in the next assessment invoice that is sent at least 10 days after the FDIC’s receipt of the written agreement.
