12 CFR 1233.1 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (Part 1100 To Parts 1816-1899) — Federal Housing Finance Agency (§ 1200.1 To Parts 1293-1299) — Entity Regulations (§ 1221.1 To § 1239.33) — Reporting Of Fraudulent Financial Instruments (§ 1233.1 To § 1233.6) — Purpose.

The purpose of this part is to implement the Safety and Soundness Act by requiring each regulated entity to report to FHFA upon discovery that it has purchased or sold a fraudulent loan or financial instrument, or suspects a possible fraud relating to the purchase or sale of any loan or financial instrument. In addition, each regulated entity must establish and maintain internal controls, policies, procedures, and operational training to discover such transactions.