§ 4308. Regulations

Footnotes

1. 1 So in original. Probably should be “Board”.
2. 2 See References in Text note below.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1991

   Truth in Savings Act

   Pub. L. 102–242 title II § 269 · 105 Stat. 2236

   Enacted · 12 U.S.C. § 4308

   Pub. L. 102–242, title II, § 269, Dec. 19, 1991, 105 Stat. 2338

   Source evidence

   Code source credit
   Pub. L. 102–242, title II, § 269, Dec. 19, 1991, 105 Stat. 2338

   Enacted provision · exact public law section
   SEC. 269. REGULATIONS. (a) In General.— (1) Regulations required.— Before the end of the 9-month period beginning on the date of the enactment of this Act, the Board, after consultation with each agency referred to in section 270(a) and public notice and opportunity for comment, shall prescribe regulations to carry out the purpose and provisions of this Act. (2) Effective date of regulations.— The regulations prescribed under paragraph (1) shall take effect not later than 6 months after publication in final form. (3) Contents of regulations.— The regulations prescribed under paragraph (1) may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of accounts as, in the judgment of the Board, are necessary or proper to carry out the purposes of this Act, to prevent circumvention or evasion of the requirements of this Act, or to facilitate compliance with the requirements of this Act. (4) Date of applicability.— The provisions of this Act shall not apply with respect to any depository institution before the effective date of regulations prescribed by the Board under this subsection (or by the National Credit Union Administration Board under section 12(b), in the case of any depository institution described in clause (iv) of section 19(b)(1)(A) of the Federal Reserve Act). (b) Model Forms and Clauses.— (1) In general.— The Board shall publish model forms and clauses for common disclosures to facilitate compliance with this Act. In devising such forms, the Board shall consider the use by depository institutions of data processing or similar automated machines. (2) Use of forms and clauses deemed in compliance.— Nothing in this Act may be construed to require a depository institution to use any such model form or clause prescribed by the Board under this subsection. A depository institution shall be deemed to be in compliance with the disclosure provisions of this Act if the depository institution— (A) uses any appropriate model form or clause as published by the Board; or (B) uses any such model form or clause and changes it by— (i) deleting any information which is not required by this Act; or (ii) rearranging the format, if in making such deletion or rearranging the format, the depository institution does not affect the substance, clarity, or meaningful sequence of the disclosure. (3) Public notice and opportunity for comment.— Model Federal Register, publication. disclosure forms and clauses shall be adopted by the Board after duly given notice in the Federal Register and an opportunity for public comment in accordance with section 553 of title 5, United States Code.

2. 1992

   Housing and Community Development Act of 1992

   Pub. L. 102–550 § 1604(e)(2)(D) · 106 Stat. 3672

   Changed · 12 U.S.C. § 4308

   Pub. L. 102–550, § 1604(e)(2)(D)–(H), made technical amendment to references to “this chapter” wherever appearing to reflect correction of corresponding provision of original act

   Source evidence

   Code amendment note
   Pub. L. 102–550, § 1604(e)(2)(D)–(H), made technical amendment to references to “this chapter” wherever appearing to reflect correction of corresponding provision of original act.

   Enacted provision · exact public law section
   (D) each place such term appears in section 269(a)(1);

3. 1992

   Housing and Community Development Act of 1992

   Pub. L. 102–550 § 957(b) · 106 Stat. 3672

   Substituted · 12 U.S.C. § 4308(a)(2)

   Pub. L. 102–550, § 957(b), substituted “9 months” for “6 months”

   Source evidence

   Code amendment note
   Subsec. (a)(2). Pub. L. 102–550, § 957(b), substituted “9 months” for “6 months”.

   Enacted provision · exact public law section
   (b) Effective Date of Regulations.— Section 269(a)(2) of the Truth in Savings Act (12 U.S.C. 4308(a)(2)) is amended by striking “6 months” and inserting “9 months”.

4. 2010

   Consumer Financial Protection Act of 2010

   Pub. L. 111–203 title X § 1100B(1) · 124 Stat. 1376

   Substituted · 12 U.S.C. § 4308

   Pub. L. 111–203 substituted “Bureau” for “Board” wherever appearing

   Source evidence

   Code amendment note
   Pub. L. 111–203 substituted “Bureau” for “Board” wherever appearing.

   Enacted provision · exact public law section
   (1) by 12 USC 4302 et seq. striking “Board” each place that term appears, other than in section 272(b) (12 U.S.C. 4311), and inserting “Bureau”;

   Effective date note
   Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

4 of 4 references resolved to an enrolled provision