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12 U.S.C. § 4801 — Incorporated definitions
Federal law — U.S. Code and appendices · legal_authorities
Unless otherwise specifically provided in this chapter, for purposes of this chapter—
(1) the terms “appropriate Federal banking agency”, “Federal banking agencies”, “insured depository institution”, and “State bank supervisor” have the same meanings as in [section 1813 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim); and
(2) the term “insured credit union” has the same meaning as in [section 1752 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1752&num=0&edition=prelim).
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Stable record: federal_law:legal_authorities:record_usc_3682e17df4b0544b76496fd5
Source file: Laws/federal/codes/united-states-code/title-12/section-4801-incorporated-definitions--5a5d9c1632.md
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Source location: Title 12, Chapter 48, § 4801; chapter-048-financial-institutions-regulatory-improvement.md
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Unless otherwise specifically provided in this chapter, for purposes of this chapter—
(1) the terms “appropriate Federal banking agency”, “Federal banking agencies”, “insured depository institution”, and “State bank supervisor” have the same meanings as in [section 1813 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim); and
(2) the term “insured credit union” has the same meaning as in [section 1752 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1752&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Congress finds that—
(1) regulated financial institutions are required by law to demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business;
(2) the convenience and needs of communities include the need for credit services as well as deposit services; and
(3) regulated financial institutions have continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered.
**(b)** It is the purpose of this chapter to require each appropriate Federal financial supervisory agency to use its authority when examining financial institutions, to encourage such institutions to help meet the credit needs of the local communities in which they are chartered consistent with the safe and sound operation of such institutions.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2901
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary shall—
(1) publish all written rulings interpreting this subchapter; and
(2) annually issue a staff commentary on the regulations issued under this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5329
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Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter—
**(a) Definitions of bank and related terms**
(1) **Bank** — The term “bank”—
(A) means any national bank and State bank, and any Federal branch and insured branch;
(B) includes any former savings association.
(2) **State bank** — The term “State bank” means any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which—
(A) is engaged in the business of receiving deposits, other than trust funds (as defined in this section); and
(B) is incorporated under the laws of any State or which is operating under the Code of Law for the District of Columbia,
including any cooperative bank or other unincorporated bank the deposits of which were insured by the Corporation on the day before August 9, 1989.
(3) **State** — The term “State” means any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands.
**(b) Definition of savings associations and related terms**
(1) **Savings association** — The term “savings association” means—
(A) any Federal savings association;
(B) any State savings association; and
(C) any corporation (other than a bank) that the Board of Directors and the Comptroller of the Currency jointly determine to be operating in substantially the same manner as a savings association.
(2) **Federal savings association** — The term “Federal savings association” means any Federal savings association or Federal savings bank which is chartered under [section 1464 of t
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1813
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Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “Federal Credit Union Act”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1752
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Disclosure of obligor’s right to rescind** Except as otherwise provided in this section, in the case of any consumer credit transaction (including opening or increasing the credit limit for an open end credit plan) in which a security interest, including any such interest arising by operation of law, is or will be retained or acquired in any property which is used as the principal dwelling of the person to whom credit is extended, the obligor shall have the right to rescind the transaction until midnight of the third business day following the consummation of the transaction or the delivery of the information and rescission forms required under this section together with a statement containing the material disclosures required under this subchapter, whichever is later, by notifying the creditor, in accordance with regulations of the Bureau, of his intention to do so. The creditor shall clearly and conspicuously disclose, in accordance with regulations of the Bureau, to any obligor in a transaction subject to this section the rights of the obligor under this section. The creditor shall also provide, in accordance with regulations of the Bureau, appropriate forms for the obligor to exercise his right to rescind any transaction subject to this section.
**(b) Return of money or property following rescission** When an obligor exercises his right to rescind under subsection (a), he is not liable for any finance or other charge, and any security interest given by the obligor, including any such interest arising by operation of law, becomes void upon such a rescission. Within 20 days after receipt of a notice of rescission, the creditor shall return to the obligor any money or property given as earnest money, downpayment, or otherwise, and shall take any action necessary
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1635
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) Except as provided in paragraph (5) of this subsection, “bank holding company” means any company which has control over any bank or over any company that is or becomes a bank holding company by virtue of this chapter.
(2) Any company has control over a bank or over any company if—
(A) the company directly or indirectly or acting through one or more other persons owns, controls, or has power to vote 25 per centum or more of any class of voting securities of the bank or company;
(B) the company controls in any manner the election of a majority of the directors or trustees of the bank or company; or
(C) the Board determines, after notice and opportunity for hearing, that the company directly or indirectly exercises a controlling influence over the management or policies of the bank or company.
(3) For the purposes of any proceeding under paragraph (2)(C) of this subsection, there is a presumption that any company which directly or indirectly owns, controls, or has power to vote less than 5 per centum of any class of voting securities of a given bank or company does not have control over that bank or company.
(4) In any administrative or judicial proceeding under this chapter, other than a proceeding under paragraph (2)(C) of this subsection, a company may not be held to have had control over any given bank or company at any given time unless that company, at the time in question, directly or indirectly owned, controlled, or had power to vote 5 per centum or more of any class of voting securities of the bank or company, or had already been found to have control in a proceeding under paragraph (2)(C).
(5) Notwithstanding any other provision of this subsection—
(A) No bank and no company owning or controlling voting shares of a bank is a bank hold
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1841
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Federal law — U.S. Code and appendices · legal_authorities
Page 1760
TITLE 12—BANKS AND BANKING
§ 4748
1 See References in Text note below.
(2) by applying subsection (e) to the balance
of the loan.
(Pub. L. 103–325, title II, § 257, Sept. 23, 1994, 108
Stat. 2212.)
§ 4748. Reimbursement to Fund
(a) In general
If a participating State withdraws funds from
a reserve fund pursuant to terms of the partici-
pation agreement permitted by subsection (d) or
(r) of section 4745 of this title, such partici-
pating State shall, not later than 15 calendar
days after such withdrawal, submit to the Fund
an
amount
computed
by
multiplying
the
amount withdrawn by the appropriate factor, as
determined under subsection (b).
(b) Factor
The appropriate factor shall be obtained by di-
viding the total amount of contributions that
have been made by the participating State to all
reserve funds which were subject to reimburse-
ment—
(1) by 2; and
(2) by the total amount of contributions
made by the participating State to all reserve
funds, including if applicable, contributions
that have been made by the State prior to be-
coming a participating State if the State con-
tinued its own capital access program in ac-
cordance with section 4743(b) of this title.
(c) Use of reimbursements
The Fund may use funds reimbursed pursuant
to this section to make reimbursements under
section 4747 of this title.
(Pub. L. 103–325, title II, § 258, Sept. 23, 1994, 108
Stat. 2213.)
§ 4749. Regulations
The Fund shall promulgate appropriate regu-
lations to implement this subchapter.
(Pub. L. 103–325, title II, § 259, Sept. 23, 1994, 108
Stat. 2214.)
§ 4750. Authorization of appropriations
(a) Amount
There are authorized to be appropriated to the
Fund $50,000,000 to carry out this subchapter.
(b) Budgetary treatment
The amount aut
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4801
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