Federal Deposit Insurance Act Section 19 Policy

$100.00

The purpose of this Federal Deposit Insurance Act Section 19 Policy Template is to address measures a bank or other type of financial institution must take to ensure proper adherence to the provisions and intent of Section 19 of the Federal Deposit Insurance Act ( the “FDI Act” – 12 U.S.C. 1829) which prohibits any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering, or has agreed to enter into a pretrial diversion or similar program (program entry) in connection with a prosecution for such offense, may not become, or continue as, an institution-affiliated party (IAP) of an insured depository institution (IDI), own or control, directly or indirectly any IDI, or otherwise participate, directly or indirectly, in the conduct of the affairs of any IDI without the prior written consent of the Federal Deposit Insurance Corporation (FDIC).  See more information about this product below.

Federal Deposit Insurance Act Policy

The purpose of this Federal Deposit Insurance Act Policy Template is to address measures a bank or other type of financial institution must take to ensure proper adherence to the provisions and intent of Section 19 of the Federal Deposit Insurance Act ( the “FDI Act” – 12 U.S.C. 1829) which prohibits any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering, or has agreed to enter into a pretrial diversion or similar program (program entry) in connection with a prosecution for such offense, may not become, or continue as, an institution-affiliated party (IAP) of an insured depository institution (IDI), own or control, directly or indirectly any IDI, or otherwise participate, directly or indirectly, in the conduct of the affairs of any IDI without the prior written consent of the Federal Deposit Insurance Corporation (FDIC).

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Scope – Topic 3
  • Offenses Covered  – Topic 4
  • Convictions Covered – Topic 5
  • Pretrial Diversion or Similar Program (Program Entry) – Topic 6
  • Applications that Can be Filed and When – Topic 7
  • Application Not Required for Covered Offense or Program Entry – Topic 8
  • Filing an Application – Topic 9
  • Evaluation of Applications – Topic 10
  • Request of and Conduct of a Hearing – Topic 11
  • Audit Policy – Topic 12
  • Staff Training – Topic 13
  • Retention of Documentation – Topic 14

This Federal Deposit Insurance Act Policy Template (approximately 9 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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