12 U.S.C. § 4304 — Disclosure requirements for certain accounts
submitted 35 years ago by Pub. L. 102-242 to r/title-12-BANKS-AND-BANKING · 120 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The Bureau* shall require, in regulations which the Bureau shall prescribe, such modification in the disclosure requirements under this chapter relating to annual percentage yield* as may be necessary to carry out the purposes of this chapter in the case of—
accounts with respect to which determination of annual percentage yield is based on an annual rate of interest* that is guaranteed for a period of less than 1 year;
variable rate accounts;
accounts which, pursuant to law, do not guarantee payment of a stated rate;
multiple rate accounts; and
accounts with respect to which determination of annual percentage yield is based on an annual rate of interest that is guaranteed for a stated term.
Source credit: (Pub. L. 102–242, title II, § 265, Dec. 19, 1991, 105 Stat. 2336; Pub. L. 102–550, title XVI, § 1604(e)(2)(A), Oct. 28, 1992, 106 Stat. 4084; Pub. L. 111–203, title X, § 1100B(1), July 21, 2010, 124 Stat. 2109.)
- 1991Enacted · Pub. L. 102-242 · 105 Stat. 2336
- 1992Amended · Pub. L. 102-550 · 106 Stat. 4084
- 2010Amended · Pub. L. 111-203 · 124 Stat. 2109
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-242 on 1991-12-19.
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