{"data":{"id":"us/12-cfr-366.3","jurisdiction":"us","citation":"12 CFR 366.3","heading":"Who cannot perform contractual services for the FDIC?","body":"We will not enter into a contract with you to perform a service or function on our behalf, if you or any person that owns or controls you, or any entity you own or control:\n(a) Has a felony conviction;\n(b) Was removed from or is prohibited from participating in the affairs of an insured depository institution as a result of a federal banking agency final enforcement action;\n(c) Has a pattern or practice of defalcation; or\n(d) Is responsible for a substantial loss to the Deposit Insurance Fund (or any predecessor deposit insurance fund).","path":["Title 12—Banks and Banking","CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION","SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY","PART 366—MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"3902cdad0c1ce4e4f5e121cbac76cd4d44d15f3340c3ba17e6e749d008e51a2d","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-366.2","next":"us/12-cfr-366.4"},"notice":"GroundRules: Original legal text. Not legal advice."}