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12 U.S.C. § 1848a — Repealed. Pub. L. 111–203, title VI, § 604(c)(2), July 21, 2010, 124 Stat. 1601
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act May 9, 1956, ch. 240, § 10A, as added Pub. L. 106–102, title I, § 113, Nov. 12, 1999, 113 Stat. 1368, related to limitation on rulemaking, prudential, supervisory, and enforcement authority of the Board.
#### Effective Date of Repeal
Repeal effective on the transfer date, see section 604(j) of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under [section 1462 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1462&num=0&edition=prelim).
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Stable record: federal_law:legal_authorities:record_usc_fb86287b171f01ce2c505d25
Source file: Laws/federal/codes/united-states-code/title-12/section-1848a-repealed-pub-l-111203-title-vi-604-c-2-july-21-2010-124-stat-1601--8201ab8d9e.md
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Source location: Title 12, Chapter 17, § 1848a; chapter-017-bank-holding-companies.md
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### Statutory Notes
Section, act May 9, 1956, ch. 240, § 10A, as added Pub. L. 106–102, title I, § 113, Nov. 12, 1999, 113 Stat. 1368, related to limitation on rulemaking, prudential, supervisory, and enforcement authority of the Board.
#### Effective Date of Repeal
Repeal effective on the transfer date, see section 604(j) of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under [section 1462 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1462&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
For purposes of this chapter—
(1) **Corporation** — The term “Corporation” means the Federal Deposit Insurance Corporation.
(2) **Savings association** — The term “savings association” means a savings association, as defined in section 3 of the Federal Deposit Insurance Act [[12 U.S.C. 1813](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim)], the deposits of which are insured by the Corporation.
(3) **Federal savings association** — The term “Federal savings association” means a Federal savings association or a Federal savings bank chartered under [section 1464 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1464&num=0&edition=prelim).
(4) **National bank** — The term “national bank” has the same meaning as in section 3 of the Federal Deposit Insurance Act [[12 U.S.C. 1813](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim)].
(5) **Federal banking agencies** — The term “Federal banking agencies” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.
(6) **State** — The term “State” has the same meaning as in section 3 of the Federal Deposit Insurance Act [[12 U.S.C. 1813](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim)].
(7) **Affiliate** — The term “affiliate” means any person that controls, is controlled by, or is under common control with, a savings association, except as provided in [section 1467a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1467a&num=0&edition=prelim).
(8) **Board** — The term “Board”, other than in
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1462
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Notwithstanding any other provision of law, the provisions of—
(1) [section 1844(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/c&num=0&edition=prelim) that limit the authority of the Board of Governors of the Federal Reserve System to require reports from, to make examinations of, or to impose capital requirements on holding companies and their functionally regulated subsidiaries or that require deference to other regulators;
(2) [section 1844(g) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1844/g&num=0&edition=prelim) that limit the authority of the Board to require a functionally regulated subsidiary of a holding company to provide capital or other funds or assets to a depository institution subsidiary of the holding company and to take certain actions including requiring divestiture of the depository institution; and
(3) section 1848a 11 See References in Text note below. of this title that limit whatever authority the Board might otherwise have to take direct or indirect action with respect to holding companies and their functionally regulated subsidiaries;
shall also limit whatever authority that a Federal banking agency might otherwise have under any statute or regulation to require reports, make examinations, impose capital requirements, or take any other direct or indirect action with respect to any functionally regulated affiliate of a depository institution, subject to the same standards and requirements as are applicable to the Board under those provisions.
**(b) Certain exemption authorized** No provision of this section shall be construed as preventing the Corporation, if the Corporation finds it necessary to determine the condition of a
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1831v
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Federal law — U.S. Code and appendices · legal_authorities
Page 1254
TITLE 12—BANKS AND BANKING
§ 1848
such violation continues: Provided, That the Board
may, in its discretion, compromise, modify, or remit
any civil money penalty which is subject to imposition
or has been imposed under authority of this subsection.
The penalty may be assessed and collected by the
Board by written notice. As used in the section, the
term ‘violates’ includes without any limitation any ac-
tion (alone or with another or others) for or toward
causing, bringing about, participating in, counseling,
or aiding or abetting a violation.
‘‘(2) In determining the amount of the penalty the
Board shall take into account the appropriateness of
the penalty with respect to the size of financial re-
sources and good faith of the company or person
charged, the gravity of the violation, the history of
previous violations, and such other matters as justice
may require.
‘‘(3) The company or person assessed shall be afforded
an opportunity for agency hearing, upon request made
within ten days after issuance of the notice of assess-
ment. In such hearing all issues shall be determined on
the record pursuant to section 554 of title 5. The agency
determination shall be made by final order which may
be reviewed only as provided in section 1848 of this
title. If no hearing is requested as herein provided, the
assessment shall constitute a final and unappealable
order.
‘‘(4) If any company or person fails to pay an assess-
ment after it has become a final and unappealable
order, or after the court of appeals has entered final
judgment in favor of the Board, the Board shall refer
the matter to the Attorney General, who shall recover
the amount assessed by action in the appropriate
United States district court. In such action the validity
and a
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1848a
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