Code of Federal Regulations · Section
§ 1242.8 — No Limiting Effect Or Private Right Of Action
12 C.F.R. § 1242.8
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(a) No limiting effect on resolution proceedings. A resolution plan submitted pursuant to this part shall not have any binding effect on FHFA when appointed as conservator or receiver under 12 U.S.C. 4617.
(b) No private right of action. Nothing in this part creates or is intended to create a private right of action based on a resolution plan prepared or submitted under this part or based on any action taken by FHFA with respect to any resolution plan submitted under this part.
Authorizing Statute
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Authority over critically undercapitalized regulated entities12 U.S.C. § 4617
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Examinations12 U.S.C. § 4517
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Prudential management and operations standards12 U.S.C. § 4513b
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Duties and authorities of Director12 U.S.C. § 4513
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Regulations and orders12 U.S.C. § 4526
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Establishment of the Federal Housing Finance Agency12 U.S.C. § 4511
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Authority to require reports by regulated entities12 U.S.C. § 4514