12 CFR 533.1 - Purpose and scope of this part.
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§ 533.1
Purpose and scope of this part.
(a) General.
This part implements section 711 of the Gramm-Leach-Bliley Act (12 U.S.C. 1831y ). That section requires any nongovernmental entity or person (NGEP), insured depository institution, or affiliate of an insured depository institution that enters into a covered agreement to—
(1)
Make the covered agreement available to the public and the appropriate Federal banking agency; and
(2)
File an annual report with the appropriate Federal banking agency concerning the covered agreement.
(3)
Affiliates of savings associations and savings and loan holding companies, other than bank holding companies, banks, and subsidiaries of bank holding companies and banks; and
(4)
NGEPs that enter into covered agreements with any company listed in paragraphs (b)(1) through (b)(3) of this section.
(c) Relation to Community Reinvestment Act.
This part does not affect in any way the Community Reinvestment Act of 1977 (CRA) (12 U.S.C. 2901
et seq. ), OTS's Community Reinvestment rule ( 12 CFR Part 563e ), or OTS's interpretations or administration of the CRA or Community Reinvestment rule.
Title 12 published on 2012-01-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
