12 U.S.C. § 3206 — Administration and enforcement

submitted 48 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 175 words · no verdicts yet

in plain englishAI-generated · not legal advice

The chapter is administered by the listed financial regulators according to the institutions they oversee. The Attorney General may enforce compliance after referral by those agencies.

This chapter is administered and enforced by: (1) the Comptroller of the Currency for national banks and federally insured Federal savings associations; (2) the Federal Reserve Board for Federal Reserve member State banks, bank holding companies, and savings-and-loan holding companies; (3) the FDIC Board for nonmember State banks and State savings associations whose deposits are federally insured; (4) the National Credit Union Administration for federally insured credit unions; and (5), after referral by those agencies, the Attorney General, who may enforce any person’s compliance with this chapter.

the actual law source: uscode.house.gov ↗public domain

This chapter shall be administered and enforced by—

(1)

the Comptroller of the Currency with respect to national banks and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),

(2)

the Board of Governors of the Federal Reserve System with respect to State banks which are members of the Federal Reserve System, bank holding companies, and savings and loan holding companies,

(3)

the Board of Directors of the Federal Deposit Insurance Corporation with respect to State banks which are not members of the Federal Reserve System but the deposits of which are insured by the Federal Deposit Insurance Corporation and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),

(4)

the National Credit Union Administration with respect to credit unions the accounts of which are insured by the National Credit Union Administration, and

(5)

upon referral by the agencies named in the foregoing paragraphs (1) through (4), the Attorney General shall have the authority to enforce compliance by any person with this chapter.

Source credit: (Pub. L. 95–630, title II, § 207, Nov. 10, 1978, 92 Stat. 3674; Pub. L. 101–73, title VII, § 744(r), Aug. 9, 1989, 103 Stat. 440; Pub. L. 108–386, § 8(e)(1), Oct. 30, 2004, 118 Stat. 2232; Pub. L. 111–203, title III, § 360(1), July 21, 2010, 124 Stat. 1548.)

history & why it existsrecord from the source credit

1978Enacted · Pub. L. 95-630 · 92 Stat. 3674
1989Amended · Pub. L. 101-73 · 103 Stat. 440
2004Amended · Pub. L. 108-386 · 118 Stat. 2232
2010Amended · Pub. L. 111-203 · 124 Stat. 1548

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1978-11-10.

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