§ 1909
Examiner performing other services
Official text prohibited actmental stateif conditionpenaltylegal term
Whoever, being a national-bank examiner, Federal Deposit Insurance Corporation examiner, or farm credit examiner, performs any other service, for compensation, for any bank or banking or loan association, or for any officer, director, or employee thereof, or for any person connected therewith in any capacity, shall be or imprisoned not more than one year, or both.
History: (June 25, 1948, ch. 645, 62 Stat. 792 (PDF, 39 MB); Pub. L. 103–322, title XXXIII, §§330004(12), 330016(1)(K), Sept. 13, 1994, 108 Stat. 2142 (PDF, 52 MB), 2147.)
Simplified explanation
It is a federal crime for a national bank examiner, FDIC examiner, or farm credit examiner to do any paid work for a bank, loan association, or anyone connected to one.