12 CFR § 390.423 - Waiver.

---
identifier: "/us/cfr/t12/s390.423"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 390.423 - Waiver."
title_number: 12
title_name: "Banks and Banking"
section_number: "390.423"
section_name: "Waiver."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "390"
part_name: "REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION"
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."
regulatory_source: "76 FR 47655, Aug. 5, 2011, unless otherwise noted."
cfr_part: "390"
---


# 390.423 Waiver.

(a) The FDIC may waive any requirement of this subpart, or any required information:

(1) Determined to be unnecessary by the FDIC;

(2) In connection with a transaction approved by the FDIC for supervisory reasons, or

(3) Where a provision of this subpart conflicts with a requirement of applicable state law.

(b) Any condition, stipulation or provision binding any person acquiring a security issued by a State savings association which seeks to waive compliance with any provision of this subpart shall be void, unless approved by the FDIC.