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12 U.S.C. § 1468b — Powers of examiners

submitted 93 years ago by Pub. L. 101-73 to r/title-12-BANKS-AND-BANKING · 73 words · no verdicts yet

in plain englishAI-generated · not legal advice

Examiners appointed by a Federal banking agency are subject to the same requirements, responsibilities, and penalties as examiners under the Federal Reserve Act and title LXII of the Revised Statutes. When performing functions under this chapter, they have the same powers and privileges that the law gives those examiners.

For the purposes of this chapter, examiners appointed by the a 1 Federal banking agency must— (1) be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the Federal Reserve Act [ 12 U.S.C. 221 et seq.] and title LXII of the Revised Statutes; and (2) have, in the exercise of functions under this chapter, the same powers and privileges as are vested in that examiners by law.

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

For the purposes of this chapter, examiners appointed by the a 1 Federal banking agency shall—

(1)

be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the Federal Reserve Act [12 U.S.C. 221 et seq.] and title LXII of the Revised Statutes; and

(2)

have, in the exercise of functions under this chapter, the same powers and privileges as are vested in such examiners by law.

Source credit: (June 13, 1933, ch. 64, § 13, as added Pub. L. 101–73, title III, § 301, Aug. 9, 1989, 103 Stat. 343; amended Pub. L. 111–203, title III, § 369(11), July 21, 2010, 124 Stat. 1565.)

history & why it existsrecord from the source credit
  • 1933Enacted · Pub. L. 101-73 · 103 Stat. 343
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 1565

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-73 on 1933-06-13.

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