12 C.F.R. § 229.37

Variation by agreement.

Last amended: 2017Year: 2026Length: 73 wordsOfficial source

Cite as 12 C.F.R. § 229.37 (2026)

The effect of the provisions of subpart C may be varied by agreement, except that no agreement can disclaim the responsibility of a bank for its own lack of good faith or failure to exercise ordinary care, or can limit the measure of damages for such lack or failure; but the parties may determine by agreement the standards by which such responsibility is to be measured if such standards are not manifestly unreasonable.
12 C.F.R. § 229.37: Variation by agreement. | Justis AI