A bill to amend section 13(e)(3) of the Federal Deposit Insurance Act.

[AI summary unavailable — showing source text] Amends the Federal Deposit Insurance Act to modify one of four conditions in order to provide that an agreement between a borrower and a bank shall be valid in diminishing or defeating the right, title, or interest of the Federal Deposit Insurance Corporation in any acquired bank asset if no disapproval of such agreement is reflected in the minutes of the bank's board of directors or loan committee. (Currently such agreement is not valid if no approval of such agreement is reflected in the minutes.)…