Pub. L. 101-647, tit. XXV, subtit. B, sec. 2527

EXPEDITED PROCEDURES FOR CERTAIN CLAIMS.

EnactedYear: 1990Length: 314 wordsOfficial source
SEC. 2527. EXPEDITED PROCEDURES FOR CERTAIN CLAIMS. (a) Expedited Procedures for Certain Claims.— Section 11 of the Federal Deposit Insurance Act (12 U.S.C. 1821) is amended by inserting after subsection (p) (as added by section 2526 of this title) the following new subsection: “(q) Expedited Procedures for Certain Claims.— “(1) Time for filing notice of appeal.— The notice of appeal of any order, whether interlocutory or final, entered in any case brought by the Corporation against an insured depository institution’s director, officer, employee, agent, attorney, accountant, or appraiser or any other person employed by or providing services to an insured depository institution shall be filed not later than 30 days after the date of entry of the order. The hearing of the appeal shall be decided not later than 120 days after the date of the notice of appeal. The appeal shall be decided not later than 180 days after the date of the notice of appeal. “(2) Scheduling.— Consistent with section 1657 of title 18, United States Code, a court of the United States shall expedite the consideration of any case brought by the Corporation against an insured depository institution’s director, officer, employee, agent, attorney, accountant, or appraiser or any other person employed by or providing services to an insured depository institution. As far as practicable the court shall give such case priority on its docket. “(3) Judicial discretion.— The court may modify the schedule and limitations stated in paragraphs (1) and (2) in a particular case, based on a specific finding that the ends of justice that would be served by making such a modification would outweigh the best interest of the public in having the case resolved expeditiously.”. (b) Conforming Amendment.— Section 1657 of title 18, United States Code, is amended by inserting “section 11, 12, or 13 of the Federal Deposit Insurance Act” after “consideration of any action brought under”.
Pub. L. 101-647, tit. XXV, subtit. B, sec. 2527: EXPEDITED PROCEDURES FOR CERTAIN CLAIMS. | Justis AI