PROVIDING SERVICES TO INSURED DEPOSITORY INSTITUTIONS.

SEC. 471. PROVIDING SERVICES TO INSURED DEPOSITORY INSTITUTIONS. Section 21A of the Home Owners’ Loan Act (12 U.S.C. 1441a) is amended by adding at the end the following: “(q) Continuation of Obligation To Provide Services.— No person obligated to provide services to an insured depository institution at the time the Resolution Trust Corporation is appointed conservator or receiver for the institution shall fail to provide those services to any person to whom the right to receive those services was transferred by the Resolution Trust Corporation after August 9, 1989, unless the refusal is based on the transferee’s failure to comply with any material term or condition of the original obligation. This subsection does not limit any authority of the Resolution Trust Corporation as conservator or receiver under section 11(e) of the Federal Deposit Insurance Act.”.