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12 U.S.C. § 5603 — Interim authority of the Secretary
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary is authorized to perform the functions of the Bureau under this part until the Director of the Bureau is confirmed by the Senate in accordance with [section 5491 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5491&num=0&edition=prelim).
**(b) Interim administrative services by the Department of the Treasury** The Department of the Treasury may provide administrative services necessary to support the Bureau before the designated transfer date.
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Stable record: federal_law:legal_authorities:record_usc_d284632bf3c3d647e3c278be
Source file: Laws/federal/codes/united-states-code/title-12/section-5603-interim-authority-of-the-secretary--8eb05a7535.md
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Source location: Title 12, Chapter 53, § 5603; chapter-053-wall-street-reform-and-consumer-protection.md
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**(a) In general** The Secretary is authorized to perform the functions of the Bureau under this part until the Director of the Bureau is confirmed by the Senate in accordance with [section 5491 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5491&num=0&edition=prelim).
**(b) Interim administrative services by the Department of the Treasury** The Department of the Treasury may provide administrative services necessary to support the Bureau before the designated transfer date.
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Federal law — U.S. Code and appendices · legal_authorities
Unless otherwise provided by its terms, this subchapter does not divest any appropriate financial regulator, any Supervisory Agency, or any other Federal or State agency, of any authority derived from any other applicable law, except that any standards prescribed by the Board of Governors under [section 5464 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5464&num=0&edition=prelim) shall supersede any less stringent requirements established under other authority to the extent of any conflict.
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Federal law — U.S. Code and appendices · legal_authorities
Page 2005
TITLE 12—BANKS AND BANKING
§ 5603
1 See References in Text note below.
2 So in original. Sentence does not appear to be complete.
tance transfer received, using the values of the
currency into which the funds were exchanged,
as contained in sections 1693o–1(a)(2)(D) 3 and
1693o–1(a)(3) of title 15 (as amended by this sec-
tion).
(Pub. L. 111–203, title X, § 1073, July 21, 2010, 124
Stat. 2060.)
Editorial Notes
REFERENCES IN TEXT
This title, where footnoted in subsec. (e)(3), is title X
of Pub. L. 111–203, July 21, 2010, 124 Stat. 1955, known as
the Consumer Financial Protection Act of 2010, which
enacted this subchapter and enacted, amended, and re-
pealed numerous other sections and notes in the Code.
For complete classification of title X to the Code, see
Short Title note set out under section 5301 of this title
and Tables.
Section 1693o–1(a)(2) of title 15, referred to in subsec.
(e)(3), does not contain a subpar. (D).
CODIFICATION
Section is comprised of section 1073 of Pub. L. 111–203.
Subsecs. (a) and (d) of section 1073 of Pub. L. 111–203 en-
acted section 1693o–1 of Title 15, Commerce and Trade,
amended section 1757 of this title and sections 1693,
1693b, 1693p, 1693q, and 1693r of Title 15, and amended
provisions set out as a note under section 1693 of Title
15.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Part effective 1 day after July 21, 2010, except as oth-
erwise provided, see section 4 of Pub. L. 111–203, set out
as a note under section 5301 of this title.
§ 5602. Reverse mortgage study and regulations
(a) Study
Not later than 1 year after the designated
transfer date, the Bureau shall conduct a study
on reverse mortgage transactions.
(b) Regulations
(1) In general
If the Bureau determines through t
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5603
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