12-U.S.C.-3207
§3207 – Rules and Regulations
Pathway
Title 12 > Chapter 33 > Section 3207
Details
- Reference: Section 3207
- Legend: §3207 – Rules and Regulations
- USCode Year: 2013
Provision Content
Regulations to carry out this chapter, including regulations that permit service by a management official that would otherwise be prohibited by section 3202 of this title or section 3203 of this title, if such service would not result in a monopoly or substantial lessening of competition, may be prescribed by—
(1) the Comptroller of the Currency with respect to national banks and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),
(2) the Board of Governors of the Federal Reserve System with respect to State banks which are members of the Federal Reserve System, bank holding companies, and savings and loan holding companies,
(3) the Board of Directors of the Federal Deposit Insurance Corporation with respect to State banks which are not members of the Federal Reserve System but the deposits of which are insured by the Federal Deposit Insurance Corporation and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation),
(4) the National Credit Union Administration with respect to credit unions the accounts of which are insured by the National Credit Union Administration.
(Pub. L. 95–630, title II, §209, Nov. 10, 1978, 92 Stat. 3675; Pub. L. 103–325, title III, §338(b), Sept. 23, 1994, 108 Stat. 2236; Pub. L. 104–208, div. A, title II, §2210(c), Sept. 30, 1996, 110 Stat. 3009–410; Pub. L. 108–386, §8(e)(2), Oct. 30, 2004, 118 Stat. 2232; Pub. L. 111–203, title III, §360(2), July 21, 2010, 124 Stat. 1549.)
Amendments
2010—Par. (1). Pub. L. 111–203, §360(2)(A), inserted and Federal savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation) before the comma.
Par. (2). Pub. L. 111–203, §360(2)(B), substituted , bank holding companies, and savings and loan holding companies for , and bank holding companies.
Par. (3). Pub. L. 111–203, §360(2)(C), substituted Corporation and State savings associations (the deposits of which are insured by the Federal Deposit Insurance Corporation), for Corporation,.
Pars. (4), (5). Pub. L. 111–203, §360(2)(D), (E), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: the Director of the Office of Thrift Supervision with respect to institutions the accounts of which are insured by the Federal Deposit Insurance Corporation, and savings and loan holding companies, and.
2004—Par. (1). Pub. L. 108–386 struck out and banks located in the District of Columbia after national banks.
1996—Pub. L. 104–208 redesignated subsec. (a) as entire section, in introductory provisions, substituted Regulations for Rules and regulations and inserted , including regulations that permit service by a management official that would otherwise be prohibited by section 3202 of this title or section 3203 of this title, if such service would not result in a monopoly or substantial lessening of competition, after chapter, in par. (4), substituted Director of the Office of Thrift Supervision for Federal Home Loan Bank Board and Federal Deposit Insurance Corporation for Federal Savings and Loan Insurance Corporation, and struck out subsecs. (b) and (c), which related to regulatory standards, and to limited exception for management official consignment program, respectively.
1994—Pub. L. 103–325 designated existing provisions as subsec. (a), inserted heading, struck out , including rules or regulations which permit service by a management official which would otherwise be prohibited by section 3202 or section 3203 of this title, after Rules and regulations to carry out this chapter in introductory provisions, and added subsecs. (b) and (c).
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.
Effective Date of 2004 Amendment
Amendment by Pub. L. 108–386 effective Oct. 30, 2004, and, except as otherwise provided, applicable with respect to fiscal year 2005 and each succeeding fiscal year, see sections 8(i) and 9 of Pub. L. 108–386, set out as notes under section 321 of this title.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-3051 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-3051, 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.-2149 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-2149, 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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