12 CFR § 340.6 - What is the effect of this part on transactions that were entered into before its effective date?

---
identifier: "/us/cfr/t12/s340.6"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 340.6 - What is the effect of this part on transactions that were entered into before its effective date?"
title_number: 12
title_name: "Banks and Banking"
section_number: "340.6"
section_name: "What is the effect of this part on transactions that were entered into before its effective date?"
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "340"
part_name: "RESTRICTIONS ON SALE OF ASSETS OF A FAILED INSTITUTION BY THE FEDERAL DEPOSIT INSURANCE CORPORATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1819 (Tenth), 1821(p)."
regulatory_source: "80 FR 22889, Apr. 24, 2015, unless otherwise noted."
cfr_part: "340"
---


# 340.6 What is the effect of this part on transactions that were entered into before its effective date?

This part does not affect the enforceability of a contract of sale and/or agreement for seller financing in effect prior to July 1, 2000.