OMB Number: 3064-0135
 

Expiration Date: 10/31/2018
 

PRIVACY ACT STATEMENT
 

The Federal Deposit Insurance Act (12 U.S.C. §§1819, 1821, and 1823) and Executive Order 9397 

authorizes the collection of this information. The FDIC will use this information in the marketing of 

assets, to identify qualified potential purchasers and to solicit bids for assets. Submitting this 

information to the FDIC is voluntary. Failure to submit all of the information requested could result 

in your inability to bid on or purchase assets held by the FDIC. The information provided by 

individuals is protected by the Privacy Act, 5 USC §552a. The information may be furnished to third 

parties as authorized by law and in accordance with any of the other routine uses described in the 

FDIC Potential Bidders List (FDIC-30-64-0019) System of Records. A complete copy of this 

System of Records is available at https://www.fdic.gov/regulations/laws/rules/2000­

4000.html#fdic200030--64--0019. If you have questions or concerns about the collection or use of 

the information, you may contact the FDIC’s Chief Privacy Officer at Privacy@fdic.gov. 

ESTIMATED REPORTING BURDEN 

Public reporting burden for this collection is estimated to average 30 minutes per response, including 

the time for reviewing instructions, searching existing data sources, gathering and maintaining the 

data needed, and completing and reviewing the collection of information. Send comments regarding 

the burden estimate or any other aspect of this collection of information, including suggestions for 

reducing this burden, to Paperwork Reduction Act, Legal Division, FDIC, 550 17th Street NW, 

Washington, D.C. 20429; and to the Office of Management and Budget, Paperwork Reduction 

Project (3064-0135), Washington, D.C. 20503. 

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of 

information unless it displays a currently valid OMB control number. 

FDIC 7300/06 (3-16) Page 1 Pre-Qualification for Other Financial Asset Sales 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

OMB Number: 3064-0135 

Expiration Date: 10/31/2018 

PURCHASER ELIGIBILITY CERTIFICATION 

Pre-Qualification for Other Financial Asset Sales 

The purpose of the Purchaser Eligibility Certification is to identify Prospective Purchasers 

who are not eligible to purchase assets of failed financial institutions from the Federal Deposit 

Insurance Corporation under the laws, regulations and policies governing such sales. Completion of 

the Purchaser Eligibility Certification, without modification, is a prerequisite to any such purchase. 

DEFINITIONS 

Affiliated Business Entity. An Affiliated Business Entity of a Prospective Purchaser means 

its spouse, dependent child or any member of its household; or any entity that directly or indirectly is 

under the control of the Prospective Purchaser, controls the Prospective Purchaser or is under 

common control with the Prospective Purchaser. 

Associated Person. An Associated Person of a Prospective Purchaser that is an individual is 

(1) the Prospective Purchaser’s spouse or dependent child or any member of the Prospective 

Purchaser’s household, (2) a partnership in which the Prospective Purchaser is or was a general or 

limited partner at the time of occurrence of any event that would prevent certification under the next 

section, (3) a limited liability company of which the Prospective Purchaser is or was a member at the 

time of occurrence of any event that would prevent certification under the next section, or (4) a 

corporation of which the Prospective Purchaser is or was an officer or director at the time of 

occurrence of any event that would prevent certification under the next section. An Associated 

Person of a Prospective Purchaser that is an entity is (1) any individual or entity that, acting 

individually or in concert with one or more individuals or entities, owns or controls 25 percent or 

more of the Prospective Purchaser; or (2) a managing or general partner, or managing member, of the 

Prospective Purchaser. 

Contractor. A Contractor is any individual or entity that has submitted an offer to the FDIC 

to perform services or has a contractual arrangement with the FDIC to perform services. 

Delinquent Obligation. A Delinquent Obligation is any debt or duty to pay money to the 

FDIC in excess of $50,000 (in the aggregate for all such debts or duties) that is more than sixty (60) 

days delinquent, or any other failure to comply with the terms and conditions of a written agreement 

with the FDIC that continues for more than sixty (60) days following notice. A Delinquent 

Obligation does not include any debt that has been settled, nor any debt that has been sold or 

transferred by the FDIC, nor any debt for which the FDIC has reported forgiveness of debt through 

the issuance of an IRS form 1099, nor any debt discharged in bankruptcy. 

Failed Institution. A Failed Institution is any bank or savings association that has been 

under the conservatorship or receivership of the FDIC or of the Resolution Trust Corporation. It 

includes any entity owned and controlled by such a bank or savings association. 

FDIC. FDIC means the Federal Deposit Insurance Corporation, whether acting in its 

FDIC 7300/06 (3-16) Page 2 Pre-Qualification for Other Financial Asset Sales 
 

 

 

 

 

 

 

 

 

 

 

OMB Number: 3064-0135
 

Expiration Date: 10/31/2018
 

corporate capacity or as conservator or receiver of a Failed Institution. 

Prospective Purchaser. A Prospective Purchaser is any individual or entity that has made or 

intends to make an offer to purchase assets of a Failed Institution from the FDIC. For all purposes of 

this Certification, an “entity” includes any entity with a legally independent existence, including, 

without limitation, a trustee; the beneficiary of at least a 25% share of the proceeds of a trust; a 

partnership; a limited liability company; a corporation; an association; or any other organization or 

society. 

Substantial Loss. A Substantial Loss is (i) any debt or duty to pay money to the FDIC or a 

Failed Institution that has an outstanding balance of more than $50,000 and that is more than ninety 

(90) days past due; (ii) an unpaid final judgment of more than $50,000 regardless of whether it is 

forgiven in a bankruptcy proceeding; (iii) a deficiency balance following a foreclosure sale of more 

than $50,000 regardless of whether it is discharged in a bankruptcy proceeding; or (iv) any loss of 

more than $50,000 reported on an IRS Form 1099-C (Information Reporting for Cancellation of 

Debt). 

ELIGIBILITY CERTIFICATION 

The undersigned hereby certifies that all of the following statements are true, correct and 

complete when made and will be true at closing of the sale: 

A.	 FDIC Employees. The Prospective Purchaser is not an FDIC employee, the spouse of an 

FDIC employee, or the minor child of an FDIC employee. 

B.	 Delinquent Obligors. Neither the Prospective Purchaser nor any of its Affiliated Business 

Entities has a Delinquent Obligation. Under certain circumstances, the certification required 

in this paragraph may be waived by the FDIC. For more information about the waiver 

process and criteria, contact the FDIC sales representative. Note: If the sale is for FDIC real 

estate owned or items such as furniture, fixtures or equipment, artwork, automobiles or other 

tangible items, and the prospective purchaser will bid less than $250,000 (per item or per 

pool), then the certification set forth in this paragraph B is not required. 

C.	 FDIC Contractors. Neither the Prospective Purchaser nor any of its Affiliated Business 

Entities is a Contractor that has performed services within three years preceding the date of 

this certification relating to any of the assets that the Prospective Purchaser might buy, unless 

the contract for services allows for the purchase of such assets. Under certain circumstances, 

the certification required in this paragraph may be waived by the FDIC. For more 

information about the waiver process and criteria contact the FDIC sales representative. 

D.	 Officers or Directors of Failed Institutions. Neither the Prospective Purchaser nor any of 

its Associated Persons has ever been an officer or director of a Failed Institution or of an 

affiliate of a Failed Institution who (1) has participated in a material way in one or more 

transactions that caused a Substantial Loss to any such Failed Institution; and (2) in 

connection with such Substantial Loss has been found by a court or administrative tribunal, 

or alleged in a judicial or administrative action brought by the FDIC or any federal or state 

governmental entity to have (i) violated any law, regulation or order issued by a federal or 

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OMB Number: 3064-0135
 

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state banking agency; (ii) breached a written agreement with a federal or state banking 

agency or with a Failed Institution; (iii) engaged in an unsafe or unsound practice in 

conducting the affairs of a Failed Institution; or (iv) breached a fiduciary duty owed to a 

Failed Institution. 

E.	 Debarment from Participation in the Affairs of a Failed Institution. Neither the 

Prospective Purchaser nor any of its Associated Person(s) has been removed from, or 

prohibited from participating in the affairs of a Failed Institution by a final enforcement 

action by the FDIC or any other federal banking agency (as defined under 12 U.S.C. § 

1813(z)). 

F.	 Pattern or Practice of Defalcation. Neither the Prospective Purchaser nor any of its 

Associated Person(s) has borrowed money or guaranteed loans in more than one transaction 

with the intent to cause a loss or with reckless disregard for whether such transactions would 

cause a loss to any financial institution insured by the FDIC, where these loans, in the 

aggregate, caused a Substantial Loss to one or more Failed Institutions. 

G.	 Convicted of Certain Crimes. Neither the Prospective Purchaser nor any of its Associated 

Person(s) (1) has been convicted of committing or conspiring to commit any offense under 

Section 215, 656, 657, 1005, 1006, 1007, 1008, 1014, 1032, 1341, 1343 or 1344 of Title 18 

of the United States Code affecting any Failed Institution; and (2) has defaulted on any debt 

or duty to pay money (including any guaranty) owed to the FDIC or any Failed Institution to 

such an extent that a judgment has been rendered in favor of the FDIC or the property 

securing the debt has been foreclosed on. 

H.	 If Seller Financing Is Used. Neither the Prospective Purchaser nor any of its Associated 

Persons (1) has defaulted on any debts or duties to pay money (including any guaranty) to the 

FDIC or a Failed Institution that, in the aggregate, exceed $1,000,000, to such an extent that a 

judgment has been rendered in favor of the FDIC or a Failed institution or the property 

securing the debt has been foreclosed on; and (2) has made any fraudulent misrepresentations 

in connection with any of these debts or duties. This representation is not required, and has 

no effect, if the Prospective Purchaser does not finance any portion of the purchase price 

through financing offered by the FDIC. 

I.	 Transactions Structured to Circumvent this Certification. Neither the identity nor form of 

the Prospective Purchaser, nor any aspect of the contemplated transaction, has been created 

or altered with the intent, in whole or in part, to allow an individual or entity who otherwise 

would be ineligible to purchase assets from the FDIC to benefit directly or indirectly from the 

proposed transaction. 

FDIC 7300/06 (3-16) Page 4	 Pre-Qualification for Other Financial Asset Sales 
 

 

 

 

 

 

 

 

OMB Number: 3064-0135 

Expiration Date: 10/31/2018 

PROSPECTIVE PURCHASER INFORMATION 

Name of Prospective Purchaser 

____ Individual ____ Corporation ____ Trust 

____ Partnership ____ Limited Liability Company ____ Other (Specify below) 

Physical Street Address (For Overnight Delivery) 

City State or Province Country Postal Code 

Contact Person and Title 

Telephone Number Fax Number E-Mail Address 

IN WITNESS WHEREOF, the undersigned declares under penalty of perjury under the laws 

of the United States of America that the foregoing is true and correct, and has executed this 

Certification as of this______________________ day of ___________, ______________ . 

PROSPECTIVE PURCHASER 

_____________________________ [Print Name of Prospective Purchaser] 

_____________________________ [Signature] 

_____________________________ [Print Name and Title of Authorized Signatory] 

Notice Concerning Legal Action 

Any person who knowingly or willfully makes false or fraudulent statements or disclosures in 

connection with this Certification will be referred to the Office of Inspector General and/or the 

appropriate law enforcement officials for investigation and legal enforcement and may be subject 

to fines and/or imprisonment (18 U.S.C. §§ 1001, 1007 and 1014). 

FDIC 7300/06 (3-16) Page 5 Pre-Qualification for Other Financial Asset Sales