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18 U.S.C. § 433 — Exemptions with respect to certain contracts
Federal law — U.S. Code and appendices · legal_authorities
Sections 431 and 432 of this title shall not extend to any contract or agreement made or entered into, or accepted by any incorporated company for the general benefit of such corporation; nor to the purchase or sale of bills of exchange or other property where the same are ready for delivery and payment therefor is made at the time of making or entering into the contract or agreement. Nor shall the provisions of such sections apply to advances, loans, discounts, purchase or repurchase agreements, extensions, or renewals thereof, or acceptances, releases or substitutions of security therefor or other contracts or agreements made or entered into under the Reconstruction Finance Corporation Act, the Agricultural Adjustment Act, the Federal Farm Loan Act, the Emergency Farm Mortgage Act of 1933, the Farm Credit Act of 1933, or the Home Owners Loan Act of 1933, the Farmers’ Home Administration Act of 1946, the Bankhead-Jones Farm Tenant Act, or to crop insurance agreements or contracts or agreements of a kind which the Secretary of Agriculture may enter into with farmers.
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Source file: Laws/federal/codes/united-states-code/title-18/section-433-exemptions-with-respect-to-certain-contracts--14b6e7f79b.md
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Source location: Title 18, Chapter 23, § 433; chapter-023-contracts.md
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Sections 431 and 432 of this title shall not extend to any contract or agreement made or entered into, or accepted by any incorporated company for the general benefit of such corporation; nor to the purchase or sale of bills of exchange or other property where the same are ready for delivery and payment therefor is made at the time of making or entering into the contract or agreement. Nor shall the provisions of such sections apply to advances, loans, discounts, purchase or repurchase agreements, extensions, or renewals thereof, or acceptances, releases or substitutions of security therefor or other contracts or agreements made or entered into under the Reconstruction Finance Corporation Act, the Agricultural Adjustment Act, the Federal Farm Loan Act, the Emergency Farm Mortgage Act of 1933, the Farm Credit Act of 1933, or the Home Owners Loan Act of 1933, the Farmers’ Home Administration Act of 1946, the Bankhead-Jones Farm Tenant Act, or to crop insurance agreements or contracts or agreements of a kind which the Secretary of Agriculture may enter into with farmers.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 92–181, title VIII, § 8.38, as added Pub. L. 104–105, title I, § 117, Feb. 10, 1996, 110 Stat. 168, related to recapitalization of Corporation.
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Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “Home Owners’ Loan Act.”
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Savings associations**
(1) **Examination and safe and sound operation**
(A) *Federal savings associations* — The Comptroller shall provide for the examination and safe and sound operation of Federal savings associations.
(B) *State savings associations* — The Corporation shall provide for the examination and safe and sound operation of State savings associations.
(2) **Regulations for savings associations** — The Comptroller may prescribe regulations with respect to savings associations, as the Comptroller determines to be appropriate to carry out the purposes of this chapter.
(3) **Safe and sound housing credit to be encouraged** — The Comptroller and the Corporation shall exercise all powers granted to the Comptroller and the Corporation under this chapter so as to encourage savings associations to provide credit for housing safely and soundly.
**(b) Accounting and disclosure**
(1) **In general** — The Comptroller shall, by regulation, prescribe uniform accounting and disclosure standards for savings associations, to be used in determining savings associations’ compliance with all applicable regulations.
(2) **Specific requirements for accounting standards** — Subject to [section 1464(t) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1464/t&num=0&edition=prelim), the uniform accounting standards prescribed under paragraph (1) shall—
(A) incorporate generally accepted accounting principles to the same degree that such principles are used to determine compliance with regulations prescribed by the Federal banking agencies; and
(B) allow for no deviation from full compliance with such standards as are in effect after December 31, 1993.
(3) **Authority to prescribe more stringent accounting standards** —
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Federal law — U.S. Code and appendices · legal_authorities
It is declared that the disruption of the orderly exchange of commodities in interstate commerce impairs the purchasing power of farmers and destroys the value of agricultural assets which support the national credit structure and that these conditions affect transactions in agricultural commodities with a national public interest, and burden and obstruct the normal channels of interstate commerce.
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Federal law — U.S. Code and appendices · legal_authorities
When authorized by appropriation or other law, funds of the Farmers’ Home Administration available for administrative expenses may be placed in a single account.
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Federal law — U.S. Code and appendices · legal_authorities
Sections 203 and 205 of this title shall not apply to a retired officer of the uniformed services of the United States while not on active duty and not otherwise an officer or employee of the United States, or to any person specially excepted by Act of Congress.
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Federal law — U.S. Code and appendices · legal_authorities
Page 112
TITLE 18—CRIMES AND CRIMINAL PROCEDURE
§ 431
eral employees contracting or trading with Indians.’’
for ‘‘Indian contracts for goods and supplies’’ in item
437.
1951—Act Oct. 31, 1951, ch. 655, § 18, 65 Stat. 717, struck
out ‘‘; exceptions’’ from item 431.
§ 431. Contracts by Member of Congress
Whoever, being a Member of or Delegate to
Congress, or a Resident Commissioner, either
before or after he has qualified, directly or indi-
rectly, himself, or by any other person in trust
for him, or for his use or benefit, or on his ac-
count, undertakes, executes, holds, or enjoys, in
whole or in part, any contract or agreement,
made or entered into in behalf of the United
States or any agency thereof, by any officer or
person authorized to make contracts on its be-
half, shall be fined under this title.
All contracts or agreements made in violation
of this section shall be void; and whenever any
sum of money is advanced by the United States
or any agency thereof, in consideration of any
such contract or agreement, it shall forthwith
be repaid; and in case of failure or refusal to
repay the same when demanded by the proper of-
ficer of the department or agency under whose
authority such contract or agreement shall have
been made or entered into, suit shall at once be
brought against the person so failing or refusing
and his sureties for the recovery of the money so
advanced.
(June 25, 1948, ch. 645, 62 Stat. 702; Oct. 31, 1951,
ch. 655, § 19, 65 Stat. 717; Pub. L. 103–322, title
XXXIII, § 330016(1)(J), Sept. 13, 1994, 108 Stat.
2147.)
HISTORICAL AND REVISION NOTES
Based on title 18, U.S.C., 1940 ed., § 204 (Mar. 4, 1909,
ch. 321, § 114, 35 Stat. 1109).
Word ‘‘agency’’ was inserted in three places to elimi-
nate any ambiguity as to scope
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