Issues in Controversy Law and Legal Definition

Generally speaking, an issue in controversy refers to a point or matter of discussion that is in dispute.

When used in reference to an administrative program of an agency it means an issue that is material to a decision and with which there is disagreement between an agency and persons or between persons who would be substantially affected by a decision [5 USCS § 571 (8)].

In case of an arbitration of a dispute involving financial institution, issues in controversy refers to:

(1)any decision made by a final agency who is appointed as conservator or receiver, upon a claim against an insured depository institution or insured credit union;

(2)any decision made by a liquidating agent appointed for insured depository institution or insured credit union;

(3)any final action taken by an agency who is appointed as conservator or receiver for an insured depository institution;

(4)any final action taken by a liquidating agent appointed for an insured credit union; and

(5)any other issue for which the appropriate Federal banking agency or the National Credit Union Administration Board determines that alternative means of dispute resolution would be appropriate. [12 USCS § 4806(f)(4)].