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12 U.S.C. § 1882 — Security measures

submitted 58 years ago by Pub. L. 90-389 to r/title-12-BANKS-AND-BANKING · 99 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Security measures. It states the requirements, authorities, procedures, and limits contained in the section.

(a) Rules for installation, maintenance, and operation of security devices and procedures Within six months from July 7, 1968 , each Federal supervisory agency must promulgate rules establishing minimum standards with which each bank or savings association must comply about the installation, maintenance, and operation of security devices and procedures, reasonable in cost, to discourage robberies, burglaries, and larcenies and to assist in the identification and apprehension of persons who commit that acts. (b) Time for compliance with standards The rules must establish the time limits within which banks and savings associations must comply with the standards.

the actual law source: uscode.house.gov ↗public domain
(a) Rules for installation, maintenance, and operation of security devices and procedures

Within six months from July 7, 1968, each Federal supervisory agency shall promulgate rules establishing minimum standards with which each bank or savings association must comply with respect to the installation, maintenance, and operation of security devices and procedures, reasonable in cost, to discourage robberies, burglaries, and larcenies and to assist in the identification and apprehension of persons who commit such acts.

(b) Time for compliance with standards

The rules shall establish the time limits within which banks and savings associations shall comply with the standards.

Source credit: (Pub. L. 90–389, § 3, July 7, 1968, 82 Stat. 295; Pub. L. 101–73, title IX, § 911(a), Aug. 9, 1989, 103 Stat. 478; Pub. L. 111–203, title III, § 356(2), July 21, 2010, 124 Stat. 1547.)

history & why it existsrecord from the source credit
  • 1968Enacted · Pub. L. 90-389 · 82 Stat. 295
  • 1989Amended · Pub. L. 101-73 · 103 Stat. 478
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 1547

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-389 on 1968-07-07.

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