12 U.S.C. § 5232 — Credit reform
submitted 18 years ago by Pub. L. 110-343 to r/title-12-BANKS-AND-BANKING · 196 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Subject to subsection (b), the costs of purchases of troubled assets* made under section 5211(a) of this title and guarantees of troubled assets under section 5212 of this title, and any cash flows associated with the activities authorized in section 5212 of this title and subsections (a), (b), and (c) of section 5216 of this title shall be determined as provided under the Federal Credit* Reform Act of 1990 (2 U.S.C. 661 et.1 seq.).
For the purposes of section 502(5) of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a(5))—
the cost of troubled assets and guarantees of troubled assets shall be calculated by adjusting the discount rate in section 502(5)(E) (2 U.S.C. 661a(5)(E)) for market risks; and
the cost of a modification of a troubled asset or guarantee of a troubled asset shall be the difference between the current estimate consistent with paragraph (1) under the terms of the troubled asset or guarantee of the troubled asset and the current estimate consistent with paragraph (1) under the terms of the troubled asset or guarantee of the troubled asset, as modified.
Source credit: (Pub. L. 110–343, div. A, title I, § 123, Oct. 3, 2008, 122 Stat. 3790.)
- 2008Enacted · Pub. L. 110-343 · 122 Stat. 3790
A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-343 on 2008-10-03.
all 0 arguments · sorted by: best
no arguments yet — make the first case