§ 366.3 - Who cannot perform contractual services for the FDIC?

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We will not enter into a contract with you to perform a service or function on our behalf, if you or any person that owns or controls you, or any entity you own or control:

Has a felony conviction;

Was removed from or is prohibited from participating in the affairs of an insured depository institution as a result of a federal banking agency final enforcement action;

Has a pattern or practice of defalcation; or

Is responsible for a substantial loss to the Deposit Insurance Fund (or any predecessor deposit insurance fund).