12-U.S.C.-1866
§1866 – Services to Nonstockholders Or Nonmembers
Pathway
Title 12 > Chapter 18 > Section 1866
Details
- Reference: Section 1866
- Legend: §1866 – Services to Nonstockholders Or Nonmembers
- USCode Year: 2013
Provision Content
No bank service company shall unreasonably discriminate in the provision of any services authorized under this chapter to any depository institution that does not own stock in or is not a member of the service company on the basis of the fact that such depository institution is in competition with an institution that owns stock in or is a member of the bank service company, except that—
(1) it shall not be considered unreasonable discrimination for a bank service company to provide services to a nonstockholding or nonmember institution only at a price that fully reflects all of the costs of offering those services, including the cost of capital and a reasonable return thereon; and
(2) a bank service company may refuse to provide services to a nonstockholding or nonmember institution if comparable services are available from another source at competitive overall costs, or if the providing of services would be beyond the practical capacity of the service company.
(Pub. L. 87–856, §6, Oct. 23, 1962, as added Pub. L. 97–320, title VII, §709, Oct. 15, 1982, 96 Stat. 1543; amended Pub. L. 104–208, div. A, title II, §2613(g), Sept. 30, 1996, 110 Stat. 3009–478.)
Amendments
1996—Pub. L. 104–208, §2613(g)(1)–(4), (6), in section catchline, inserted or nonmembers after nonstockholders, and in introductory provisions of text, substituted company for corporation wherever appearing and such depository institution for the nonstockholding institution and inserted or is not a member of after does not own stock in and or is a member of after that owns stock in.
Pars. (1), (2). Pub. L. 104–208, §2613(g)(1), (5), substituted company for corporation wherever appearing and inserted or nonmember after nonstockholding.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1861 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1861, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-1841 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-1841, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
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