Browse Arkansas Code titles and sections

12 U.S.C. § 4514a — Federal Housing Finance Oversight Board

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 4514a — Federal Housing Finance Oversight Board

**(a) In general** There is established the Federal Housing Finance Oversight Board, which shall advise the Director with respect to overall strategies and policies in carrying out the duties of the Director under this chapter. **(b) Limitations** The Board may not exercise any executive authority, and the Director may not delegate to the Board any of the functions, powers, or duties of the Director. **(c) Composition** The Board shall be comprised of 4 members, of whom— (1) 1 member shall be the Secretary of the Treasury; (2) 1 member shall be the Secretary of Housing and Urban Development; (3) 1 member shall be the Chairman of the Securities and Exchange Commission; and (4) 1 member shall be the Director, who shall serve as the Chairperson of the Board. **(d) Meetings** (1) **In general** — The Board shall meet upon notice by the Director, but in no event shall the Board meet less frequently than once every 3 months. (2) **Special meetings** — Either the Secretary of the Treasury, the Secretary of Housing and Urban Development, or the Chairman of the Securities and Exchange Commission may, upon giving written notice to the Director, require a special meeting of the Board. **(e) Testimony** On an annual basis, the Board shall testify before Congress regarding— (1) the safety and soundness of the regulated entities; (2) any material deficiencies in the conduct of the operations of the regulated entities; (3) the overall operational status of the regulated entities; (4) an evaluation of the performance of the regulated entities in carrying out their respective missions; (5) operations, resources, and performance of the Agency; and (6) such other matters relating to the Agency and its fulfillment of its mission, as the Board determines appropriate.

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4514a

Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.

Original supplied file — preserved unchanged

Download original Markdown file

File SHA-256: b9290f9fdcff6a2c2073a1810e61607f0caf8716980b57d90e5cab5a64906f94. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.

Authority boundary: historical or unconfirmed source not current law verified.

Open the recorded source website ↗

Record provenance

Stable record: federal_law:legal_authorities:record_usc_f75cbdefa913eb62c17fa52d
Source file: Laws/federal/codes/united-states-code/title-12/section-4514a-federal-housing-finance-oversight-board--382f94625c.md
Pages: Not recorded – Not recorded
Passage SHA-256: ddd82b701752ca5ad4e118b1e1727d6e3a7cb135b68dd8f5a74353d99486829e

Source location: Title 12, Chapter 46, § 4514a; chapter-046-government-sponsored-enterprises.md

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 4501 — Notice of service

Any service required or authorized to be made by the Director under this subchapter may be made by registered mail, or in such other manner reasonably calculated to give actual notice as the Director may by regulation or otherwise provide.

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4501

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 4514a — Study and reports on guarantee fees

Page 1651 TITLE 12—BANKS AND BANKING § 4514a laration, that the report is true and correct to the best of such officer’s knowledge and belief. (b) Capital distributions The Director may require a regulated entity to submit a report to the Director after the dec- laration of any capital distribution by the regu- lated entity and before making the capital dis- tribution. The report shall be made in such form and under such circumstances and shall contain such information as the Director shall require. (c) Penalties for failure to make reports (1) Violations It shall be a violation of this section for any regulated entity— (A) to fail to make, transmit, or publish any report or obtain any information re- quired by the Director under this section, section 1723a(k) of this title, section 1456(c) of this title, or section 1440 of this title, within the period of time specified in such provision of law or otherwise by the Direc- tor; or (B) to submit or publish any false or mis- leading report or information under this sec- tion. (2) Penalties (A) First tier (i) In general A violation described in paragraph (1) shall be subject to a penalty of not more than $2,000 for each day during which such violation continues, in any case in which— (I) the subject regulated entity main- tains procedures reasonably adapted to avoid any inadvertent error and the vio- lation was unintentional and a result of such an error; or (II) the violation was an inadvertent transmittal or publication of any report which was minimally late. (ii) Burden of proof For purposes of this subparagraph, the regulated entity shall have the burden of proving that the error was inadvertent or that a report was inadvertently trans- mitted or published late. (B) Second tier A viol

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4514a

Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.