12 U.S.C. § 4227 — Unreviewed declarations; petition to pursue action as private contractor
submitted 36 years ago by Pub. L. 101-647 to r/title-12-BANKS-AND-BANKING · 171 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
If, pursuant to section 4226(d)(1)(B) of this title, the Attorney General notifies a declarant that the declarant’s allegations have not yet been addressed, the declarant may notify the Attorney General to award a contract pursuant to subchapter III to pursue the case.
A declarant’s notification under paragraph (1) shall be filed with the Attorney General not later than 30 days after the date of service of notice under section 4226(d)(1)(B) of this title, and the Attorney General shall respond to the notification not later than 30 days after receipt.
In response to a notification under subsection (a)(1), the Attorney General shall—
grant a contract pursuant to subchapter III; or
proceed with an action.
If the Attorney General decides to grant a contract, the declarant, after consultation with the Attorney General, shall have the right to select counsel to prosecute an action, and the declarant and the declarant’s counsel shall act in accordance with subchapter III.
Source credit: (Pub. L. 101–647, title XXV, § 2582, Nov. 29, 1990, 104 Stat. 4903.)
- 1990Enacted · Pub. L. 101-647 · 104 Stat. 4903
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-647 on 1990-11-29.
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