FDIC Receivership Time limit: 3yrs FDIC can ask for one 1 yr. Extension: Max 4yrs.
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FDIC Receiver must file a report within 60 days on the financial condition of the covered financial company as of the date of the appointment, including a description of its assets and liabilities.
Page 156 FDIC Receiver must file a report within 60 days on the conflicts of interest of all retained professionals that assisted the FDIC receiver.
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GAO has the authority to audit the FDIC reports to congress.