12 U.S. Code § 2805 - Relation to State laws

(a) In general
This chapter does not annul, alter, or affect, or exempt any State chartered depository institution subject to the provisions of this chapter from complying with the laws of any State or subdivision thereof with respect to public disclosure and recordkeeping by depositor institutions, except to the extent that those laws are inconsistent with any provision of this chapter, and then only to the extent of the inconsistency. The Bureau is authorized to determine whether such inconsistencies exist. The Bureau may not determine that any such law is inconsistent with any provision of this chapter if the Bureau determines that such law requires the maintenance of records with greater geographic or other detail than is required under this chapter, or that such law otherwise provides greater disclosure than is required under this chapter.
(b) Exemption authority
The Bureau may, by regulation, exempt from the requirements of this chapter any State-chartered depository institution within any State or subdivision thereof, if the agency determines that, under the law of such State or subdivision, that institution is subject to requirements that are substantially similar to those imposed under this chapter, and that such law contains adequate provisions for enforcement. Notwithstanding any other provision of this subsection, compliance with the requirements imposed under this subsection shall be enforced by the Office of the Comptroller of the Currency under section 1818 of this title, in the case of national banks and Federal savings associations, the deposits of which are insured by the Federal Deposit Insurance Corporation.

Source

(Pub. L. 94–200, title III, § 306,Dec. 31, 1975, 89 Stat. 1127; Pub. L. 100–628, title X, § 1087(b),Nov. 7, 1988, 102 Stat. 3280; Pub. L. 101–73, title VII, § 744(p)(2),Aug. 9, 1989, 103 Stat. 440; Pub. L. 111–203, title X, § 1094(1), (5),July 21, 2010, 124 Stat. 2097, 2100.)
Amendments

2010—Pub. L. 111–203, § 1094(1), substituted “Bureau” for “Board” wherever appearing.
Subsec. (b). Pub. L. 111–203, § 1094(5), added subsec. (b) and struck out former subsec. (b) which read as follows: “The Bureau may by regulation exempt from the requirements of this chapter any State chartered depository institution within any State or subdivision thereof if it determines that, under the law of such State or subdivision, that institution is subject to requirements substantially similar to those imposed under this chapter, and that such law contains adequate provisions for enforcement. Notwithstanding any other provision of this subsection, compliance with the requirements imposed under this subsection shall be enforced under—
“(1) section 1818 of this title in the case of national banks, by the Comptroller of the Currency; and
“(2) section 1818 of this title, by the Director of the Office of Thrift Supervision in the case of a savings association the deposits of which are insured by the Federal Deposit Insurance Corporation.”
1989—Subsec. (b)(2). Pub. L. 101–73amended par. (2) generally. Prior to amendment, par. (2) read as follows: “section 1464 (d) of this title in the case of any institution subject to that provision, by the Federal Home Loan Bank Board.”
1988—Subsec. (b)(1), (2). Pub. L. 100–628substituted “section” for “Section”.
Effective Date of 2010 Amendment

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

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

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.


12 CFR - Banks and Banking

12 CFR Part 4 - ORGANIZATION AND FUNCTIONS, AVAILABILITY AND RELEASE OF INFORMATION, CONTRACTING OUTREACH PROGRAM, POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

12 CFR Part 203 - HOME MORTGAGE DISCLOSURE (REGULATION C)

12 CFR Part 261 - RULES REGARDING AVAILABILITY OF INFORMATION

12 CFR Part 338 - FAIR HOUSING

12 CFR Part 1003 - HOME MORTGAGE DISCLOSURE (REGULATION C)

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.