193 
dures established under subparagraph (A), the 
Director shall— 
‘‘(i) determine— 
‘‘(I) whether to allow or disallow 
such claim; or 
‘‘(II) whether such claim should 
be determined pursuant to the proce-
dures established under paragraph (5); 
and 
‘‘(ii) notify the claimant of the deter-
mination, and if the claim is disallowed, 
provide a statement of each reason for the 
disallowance and the procedure for obtain-
ing agency review or judicial determina-
tion. 
‘‘(C) PERIOD
FOR
FILING
OR
RENEWING 
SUIT.—Any claimant who files a request for ex-
pedited relief shall be permitted to file a suit, or 
to continue a suit filed before the appointment of 
the receiver, seeking a determination of the rights 
of the claimant with respect to such security in-
terest after the earlier of— 
‘‘(i) the end of the 90-day period begin-
ning on the date of the filing of a request 
for expedited relief; or 
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‘‘(ii) the date the Agency denies the 
claim. 
‘‘(D) STATUTE OF LIMITATIONS.—If an ac-
tion described under subparagraph (C) is not 
filed, or the motion to renew a previously filed 
suit is not made, before the end of the 30-day pe-
riod beginning on the date on which such action 
or motion may be filed under subparagraph (B), 
the claim shall be deemed to be disallowed as of 
the end of such period (other than any portion 
of such claim which was allowed by the receiver), 
such disallowance shall be final, and the claim-
ant shall have no further rights or remedies with 
respect to such claim. 
‘‘(E) LEGAL EFFECT OF FILING.— 
‘‘(i) 
STATUTE
OF
LIMITATION 
TOLLED.—For purposes of any applicable 
statute of limitations, the filing of a claim 
with the receiver shall constitute a com-
mencement of an action. 
‘‘(ii) NO
PREJUDICE
TO
OTHER
AC-
TIONS.—Subject to paragraph (10), the fil-
ing of a claim with the receiver shall not 
prejudice any right of the claimant to con-
tinue any action that was filed before the 
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appointment of the receiver, subject to the 
determination of claims by the receiver. 
‘‘(9) PAYMENT OF CLAIMS.— 
‘‘(A) IN GENERAL.—The receiver may, in 
the discretion of the receiver, and to the extent 
funds are available from the assets of the regu-
lated entity, pay creditor claims, in such man-
ner and amounts as are authorized under this 
section, which are— 
‘‘(i) allowed by the receiver; 
‘‘(ii) approved by the Agency pursuant 
to a final determination pursuant to para-
graph (7) or (8); or 
‘‘(iii) determined by the final judgment 
of any court of competent jurisdiction. 
‘‘(B) AGREEMENTS AGAINST THE INTEREST 
OF THE AGENCY.—No agreement that tends to 
diminish or defeat the interest of the Agency in 
any asset acquired by the Agency as receiver 
under this section shall be valid against the 
Agency unless such agreement is in writing, and 
executed by an authorized official of the regu-
lated entity, except that such requirements for 
qualified financial contracts shall be applied in 
a manner consistent with reasonable business 
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