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U.S. Code, Title 12, Banks and Banking
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
CHAPTER 12—SAVINGS ASSOCIATIONS
Sec.
1461. Short title.
1462. Definitions.
1462a. Director of Office of Thrift Supervision.
(a) Establishment of Office.
(b) Establishment of position of Director.
(c) Appointment; term.
(d) Prohibition on financial interests.
(e) Powers of Director.
(f) State homestead provisions.
(g) Annual report required.
(h) Staff.
(i) Funding through assessments.
(j) GAO audit.
1463. Supervision of savings associations.
(a) Federal savings associations.
(b) Accounting and disclosure.
(c) Stringency of standards.
(d) Investment of certain funds in accounts of savings associations.
(e) Participation by savings associations in lotteries and related activities.
(f) Federally related mortgage loan disclosures.
(g) Preemption of State usury laws.
(h) Form and maturity of securities.
1464. Federal savings associations.
(a) In general.
(b) Deposits and related powers.
(c) Loans and investments.
(d) Regulatory authority.
(e) Character and responsibility.
(f) Federal home loan bank membership.
(g) Repealed.
(h) Discriminatory State and local taxation prohibited.
(i) Conversions.
(j) Repealed.
(k) Depository of public money.
(l) Retirement accounts.
(m) Branching.
(n) Trusts.
(o) Conversion of State savings banks.
(p) Conversions.
(q) Tying arrangements.
(r) Out-of-State branches.
(s) Minimum capital requirements.
(t) Capital standards.
(u) Limits on loans to one borrower.
(v) Reports of condition.
(w) Forfeiture of franchise for money laundering or cash transaction reporting offenses.
1465. Repealed.
1466. Applicability.
1466a. District associations.
(a) In general.
(b) Additional powers.
(c) Charter amendments.
(d) Limitation.
1467. Examination fees.
(a) Examination of savings associations.
(b) Examination of affiliates.
(c) Assessment against association in case of affiliate’s refusal to pay.
(d) Civil money penalty for affiliate’s refusal to cooperate.
(e) Regulations.
(f) Collection through FDIC or Federal home loan banks.
(g) Costs of other examinations.
(h) Additional information.
(i) Treatment of examination assessments.
(j) Processing fee.
(k) Fees for examinations and supervisory activities.
(l) Working capital.
(m) Use of funds.
1467a. Regulation of holding companies.
(a) Definitions.
(b) Registration and examination.
(c) Holding company activities.
(d) Transactions with affiliates.
(e) Acquisitions.
(f) Declaration of dividend.
(g) Administration and enforcement.
(h) Prohibited acts.
(i) Penalties.
(j) Judicial review.
(k) Savings clause.
(l) Treatment of FDIC insured State savings banks and cooperative banks as savings associations.
(m) Qualified thrift lender test.
(n) Tying restrictions.
(o) Mutual holding companies.
(p) Holding company activities constituting serious risk to subsidiary savings association.
(q) Qualified stock issuance by undercapitalized savings associations or holding companies.
(r) Penalty for failure to provide timely and accurate reports.
(s) Mergers, consolidations, and other acquisitions authorized.
(t) Exemption for bank holding companies.
1468. Transactions with affiliates; extensions of credit to executive officers, directors, and principal shareholders.
(a) Affiliate transactions.
(b) Extensions of credit to executive officers, directors, and principal shareholders.
(c) Administrative enforcement.
1468a. Advertising.
1468b. Powers of examiners.
1468c. Separability.
1469. Authority to invest in State housing corporations.
1470. Federal supervision of insured institutions, State member and nonmember banks; access to information; definitions.
Chapter Referred to in Other Sections
This chapter is referred to in sections 1441a, 1831k, 1843, 3204, 3401 of this title; title 18 section 433; title 41 section 22.
Contents:
Chicago: "U.S. Congress, Office of the Law Revision Counsel", "Chapter 12— Savings Associations," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed March 27, 2025, http://www.originalsources.com/Document.aspx?DocID=531K6X3A4X9T32M.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "Chapter 12— Savings Associations." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 27 Mar. 2025. http://www.originalsources.com/Document.aspx?DocID=531K6X3A4X9T32M.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", 'Chapter 12— Savings Associations' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 27 March 2025, from http://www.originalsources.com/Document.aspx?DocID=531K6X3A4X9T32M.
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