12 CFR § 1253.1 - Purpose and authority.

---
identifier: "/us/cfr/t12/s1253.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1253.1 - Purpose and authority."
title_number: 12
title_name: "Banks and Banking"
section_number: "1253.1"
section_name: "Purpose and authority."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "C"
subchapter_name: "ENTERPRISES"
part_number: "1253"
part_name: "PRIOR APPROVAL FOR ENTERPRISE PRODUCTS"
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. 4511; 12 U.S.C. 4513; 12 U.S.C. 4526; 12 U.S.C. 4541."
regulatory_source: "88 FR 79229, Dec. 27, 2022, unless otherwise noted."
cfr_part: "1253"
---


# 1253.1 Purpose and authority.

The purpose of this part is to establish policies and procedures implementing the prior approval authority for Enterprise products, in accordance with section 1321 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4541), as amended (Safety and Soundness Act).