Collapse to view only § 1882. Security measures
- § 1881. “Federal supervisory agency” defined
- § 1882. Security measures
- § 1883. Insurance rates; report to Congress
- § 1884. Penalties for violations
§ 1881. “Federal supervisory agency” defined
As used in this chapter the term “Federal supervisory agency” means the appropriate Federal banking agency, as defined in section 1813(q) of this title.
(Pub. L. 90–389, § 2, July 7, 1968, 82 Stat. 294; Pub. L. 101–73, title VII, § 744(h), Aug. 9, 1989, 103 Stat. 439; Pub. L. 108–386, § 8(d), Oct. 30, 2004, 118 Stat. 2232; Pub. L. 111–203, title III, § 356(1), July 21, 2010, 124 Stat. 1547.)
§ 1882. Security measures
(a) Rules for installation, maintenance, and operation of security devices and procedures
(b) Time for compliance with standards
(Pub. L. 90–389, § 3, July 7, 1968, 82 Stat. 295; Pub. L. 101–73, title IX, § 911(a), Aug. 9, 1989, 103 Stat. 478; Pub. L. 111–203, title III, § 356(2), July 21, 2010, 124 Stat. 1547.)
§ 1883. Insurance rates; report to Congress
The Federal supervisory agencies shall consult with
(1) insurers furnishing insurance protection against losses resulting from robberies, burglaries, and larcenies committed against financial institutions referred to in section 1881 of this title, and
(2) State agencies having supervisory or regulatory responsibilities with respect to such insurers
to determine the feasibility and desirability of premium rate differentials based on the installation, maintenance, and operation of security devices and procedures. The Federal supervisory agencies shall report to the Congress the results of their consultations pursuant to this section not later than two years after July 7, 1968.
(Pub. L. 90–389, § 4, July 7, 1968, 82 Stat. 295.)
§ 1884. Penalties for violations
A bank or savings association which violates a rule promulgated pursuant to this chapter shall be subject to a civil penalty which shall not exceed $100 for each day of the violation.
(Pub. L. 90–389, § 5, July 7, 1968, 82 Stat. 295; Pub. L. 111–203, title III, § 356(3), July 21, 2010, 124 Stat. 1547.)