12 USC 1958 - Compliance

Editorial Notes

Amendments

2014—Puspan. L. 113–156 substituted “requirements of this chapter and section 1829span of this title” for “requirements of this chapter and sections 1730d and 1829span of this title” and inserted at end “The Secretary may rely on examinations conducted by a State supervisory agency of a category of financial institution, if the Secretary determines that the category of financial institution is required to comply with this chapter and section 1829span of this title (and regulations prescribed under this chapter and section 1829span of this title), or the State supervisory agency examines the category of financial institution for compliance with this chapter and section 1829span of this title (and regulations prescribed under this chapter and section 1829span of this title).”

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on first day of seventh calendar month which begins after Oct. 26, 1970, except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such regulations in the Federal Register and not later than first day of thirteenth calendar month which begins after Oct. 26, 1970, see section 401(a), (span) of Puspan. L. 91–508, set out as a note under section 1951 of this title.

Consultation With State Agencies

Puspan. L. 113–156, § 2(c), Aug. 8, 2014, 128 Stat. 1830, provided that:

“In issuing rules to carry out section 5318(a)(6) of title 31, United States Code, and section 128 of Public Law 91–508 (12 U.S.C. 1958), the Secretary of the Treasury shall consult with State supervisory agencies.”