12 U.S.C. § 1466a — District associations

Page 391 TITLE 12—BANKS AND BANKING § 1467 1 So in original. Probably should be followed by a comma. (June 13, 1933, ch. 64, § 7, 48 Stat. 134; July 14, 1952, ch. 723, § 10(b), 66 Stat. 604; Pub. L. 86–70, § 9(b), June 25, 1959, 73 Stat. 142; Pub. L. 86–624, § 5(b), July 12, 1960, 74 Stat. 411; Pub. L. 101–73, title III, § 301, Aug. 9, 1989, 103 Stat. 315.) Editorial Notes AMENDMENTS 1989—Pub. L. 101–73 amended section generally. Prior to amendment, section read as follows: ‘‘The provisions of this chapter shall apply to the continental United States (including Alaska), to the State of Hawaii, and to Puerto Rico, Guam and the Virgin Islands.’’ 1960—Pub. L. 86–624 substituted ‘‘State of Hawaii’’ for ‘‘Territory of Hawaii’’. 1959—Pub. L. 86–70 substituted ‘‘continental United States (including Alaska), to the Territory of Hawaii’’ for ‘‘continental United States, to the Territories of Alaska and Hawaii’’. 1952—Act July 14, 1952, inserted ‘‘Guam’’. § 1466a. District associations (a) In general The Comptroller shall, with respect to all in- corporated or unincorporated building, building or loan, building and loan, or homestead asso- ciations, and similar institutions, of or transacting or doing business in the District of Columbia, or maintaining any office in the Dis- trict of Columbia (other than Federal savings associations), have the same powers and func- tions as to examination, operation, and regula- tion as the Comptroller has with respect to Fed- eral savings associations. (b) Additional powers Any such association or institution incor- porated under the laws of, or organized in, the District of Columbia shall have in addition to any existing statutory authority such statutory authority as is vested in Federal savings asso- ciations. (c) Charter amendments Charters, certificates of incorporation, arti- cles of incorporation, constitutions, bylaws, or other organic documents of associations or in- stitutions referred to in subsection (b) of this section may, without regard to anything con- tained therein or otherwise, be amended in such manner and to such extent and upon such votes if any as the Comptroller may by regulation or otherwise provide. (d) Limitation Nothing in this section shall cause, or permit the Comptroller to cause, District of Columbia associations to be or become Federal savings as- sociations, or require the Comptroller to impose on District of Columbia associations the same regulations as are imposed on Federal savings associations. (June 13, 1933, ch. 64, § 8, as added Pub. L. 91–609, title IX, § 913, Dec. 31, 1970, 84 Stat. 1815; amend- ed Pub. L. 101–73, title III, § 301, Aug. 9, 1989, 103 Stat. 315; Pub. L. 111–203, title III, § 369(6), July 21, 2010, 124 Stat. 1563.) Editorial Notes PRIOR PROVISIONS A prior section 8 of act June 13, 1933, ch. 64, 48 Stat. 134, was classified to section 1467 of this title, prior to repeal by act June 25, 1948, ch. 645, § 21, 62 Stat. 862, eff. Sept. 1, 1948. AMENDMENTS 2010—Pub. L. 111–203 substituted ‘‘Comptroller’’ for ‘‘Director’’ wherever appearing. 1989—Pub. L. 101–73 amended section generally, sub- stituting provisions relating to Director and Federal savings associations for former provisions relating to Federal Home Loan Bank Board and Federal savings and loan associations. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111–203 effective on the trans- fer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress. § 1467. Examination fees (a) Examination of savings associations The cost of conducting examinations of sav- ings associations pursuant to section 1464(d) of this title shall be assessed by— (1) the Comptroller, against each such Fed- eral savings association, as the Comptroller deems necessary or appropriate; and (2) the Corporation, against each such State savings association, as the Corporation deems necessary or appropriate. (b) Examination of affiliates The cost of conducting examinations of affili- ates of savings associations pursuant to this chapter may be assessed by the Comptroller or Corporation, as appropriate 1 against each affil- iate that is examined as the Comptroller or Cor- poration, as appropriate 1 deems necessary or ap- propriate. (c) Assessment against association in case of af- filiate’s refusal to pay (1) In general Subject to paragraph (2), if any affiliate of any savings association— (A) refuses to pay any assessment under subsection (b); or (B) fails to pay any such assessment before the end of the 60-day period beginning on the date of the assessment, the appropriate Federal banking agency may assess such cost against, and collect such cost from, such savings association. (2) Affiliate of more than 1 savings association If any affiliate referred to in paragraph (1) is an affiliate of more than 1 savings association, the assessment with respect to the affiliate against, and collected from, any affiliated sav- ings association in such proportions as the ap- propriate Federal banking agency may pre- scribe. (d) Civil money penalty for affiliate’s refusal to cooperate (1) Penalty imposed If any affiliate of any savings association— (A) refuses to permit any examiner ap- pointed by the appropriate Federal banking agency to make an examination; or