12 U.S.C. § 5536 — Prohibited acts
submitted 16 years ago by Pub. L. 111-203 to r/title-12-BANKS-AND-BANKING · 224 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
It shall be unlawful for—
any covered person* or service provider*—
to offer or provide to a consumer* any financial product or service* not in conformity with Federal consumer financial law*, or otherwise commit any act or omission in violation of a Federal consumer financial law; or
to engage in any unfair, deceptive, or abusive act or practice;
any covered person* or service provider to fail or refuse, as required by Federal consumer financial law, or any rule or order issued by the Bureau* thereunder—
to permit access to or copying of records;
to establish or maintain records; or
to make reports or provide information to the Bureau; or
any person to knowingly or recklessly provide substantial assistance to a covered person or service provider in violation of the provisions of section 5531 of this title, or any rule or order issued thereunder, and notwithstanding any provision of this title,1 the provider of such substantial assistance shall be deemed to be in violation of that section to the same extent as the person to whom such assistance is provided.
No person shall be held to have violated subsection (a)(1) solely by virtue of providing or selling time or space to a covered person or service provider placing an advertisement.
Source credit: (Pub. L. 111–203, title X, § 1036, July 21, 2010, 124 Stat. 2010.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 2010
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.
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