{"data":{"id":"us/12-cfr-367.18","jurisdiction":"us","citation":"12 CFR 367.18","heading":"Abrogation of contracts.","body":"(a) The FDIC may, in its discretion, rescind or terminate any contract in existence at the time a contractor is suspended or excluded.\n(b) Any contract not rescinded or terminated shall continue in force in accordance with the terms thereof.\n(c) The right to rescind or terminate a contract in existence is cumulative and in addition to any other remedies or rights the FDIC may have under the terms of the contract, at law, or otherwise.","path":["Title 12—Banks and Banking","CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION","SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY","PART 367—SUSPENSION AND EXCLUSION OF CONTRACTOR AND TERMINATION OF CONTRACTS"],"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":"a55b4c97a3a185cc8b003bf0084020a1fc8d84964e5fe3ec8c88db16da8d3c3f","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-367.17","next":"us/12-cfr-367.19"},"notice":"GroundRules: Original legal text. Not legal advice."}