12 U.S.C. § 2616 — State laws unaffected; inconsistent Federal and State provisions
submitted 52 years ago by Pub. L. 93-533 to r/title-12-BANKS-AND-BANKING · 109 words · no verdicts yet
This chapter generally leaves State settlement-practice laws in place, except where they conflict with this chapter and only to the extent of the conflict. The Bureau decides about conflicts, may not reject laws that give consumers greater protection, and must consult appropriate Federal agencies.
This chapter does not cancel, change, or affect State* laws about settlement practices. It also does not excuse anyone covered by this chapter from following those laws, unless a State law conflicts with this chapter, and then only to the extent of the conflict. The Bureau* may decide whether a conflict exists. It may not decide that a State law conflicts if the State law gives consumers greater protection. The Bureau must consult the appropriate Federal agencies when making these decisions.
This chapter does not annul, alter, or affect, or exempt any person* subject to the provisions of this chapter from complying with, the laws of any State* with respect to settlement practices, except to the extent that those laws are inconsistent with any provision of this chapter, and then only to the extent of the inconsistency. The Bureau* is authorized to determine whether such inconsistencies exist. The Bureau may not determine that any State law is inconsistent with any provision of this chapter if the Bureau determines that such law gives greater protection to the consumer*. In making these determinations the Bureau shall consult with the appropriate Federal agencies.
Source credit: (Pub. L. 93–533, § 18, Dec. 22, 1974, 88 Stat. 1731; Pub. L. 94–205, § 9, Jan. 2, 1976, 89 Stat. 1159; Pub. L. 111–203, title X, § 1098(10), July 21, 2010, 124 Stat. 2104.)
- 1974Enacted · Pub. L. 93-533 · 88 Stat. 1731
- 1976Amended · Pub. L. 94-205 · 89 Stat. 1159
- 2010Amended · Pub. L. 111-203 · 124 Stat. 2104
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-533 on 1974-12-22.
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