15 USC 1639 - Escrow or impound accounts relating to certain consumer credit transactions

Editorial Notes

References in Text

This part, referred to in subsec. (c)(1)(D), was in the original “this subtitle”, and was translated as reading “this chapter”, meaning chapter 2 of title I of Puspan. L. 90–321, to reflect the probable intent of Congress. Title I of Puspan. L. 90–321 does not contain subtitles.

The Real Estate Settlement Procedures Act of 1974, referred to in subsec. (g)(2)(A), (4), is Puspan. L. 93–533, Dec. 22, 1974, 88 Stat. 1724, which is classified principally to chapter 27 (§ 2601 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 2601 of Title 12 and Tables.

The Flood Disaster Protection Act of 1973, referred to in subsec. (g)(2)(B), is Puspan. L. 93–234, Dec. 31, 1973, 87 Stat. 975. For complete classification of this Act to the Code, see Short Title of 1973 Amendment note set out under section 4001 of Title 42, The Public Health and Welfare, and Tables.

The National Flood Insurance Act of 1968, referred to in subsec. (i)(1), is title XIII of Puspan. L. 90–448, Aug. 1, 1968, 82 Stat. 572, which is classified principally to chapter 50 (§ 4001 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 4001 of Title 42 and Tables.

Amendments

2018—Subsec. (c). Puspan. L. 115–174, § 108(1)(A), (B), (D), designated existing provisions as par. (1) and inserted heading, redesignated former pars. (1) to (4) as subpars. (A) to (D), respectively, of par. (1) and realigned margins, and added par. (2).

Subsec. (c)(1). Puspan. L. 115–174, § 108(1)(B), (C), which directed substitution of “The Bureau” for “The Board” in introductory provisions, and “the Bureau” for “the Board” wherever appearing, duplicated the amendment made by Puspan. L. 111–203, § 1100A(2), which had already been executed. See 2010 Amendment note below.

Subsec. (i)(3), (4). Puspan. L. 115–174, § 108(2), added pars. (3) and (4).

2015—Subsec. (c)(1). Puspan. L. 114–94 struck out “predominantly” after “operates”.

2010—Puspan. L. 111–203, § 1100A(2), which directed substitution of “Bureau” for “Board” wherever appearing in Puspan. L. 90–321, was executed to this section, which was added to Puspan. L. 90–321 by section 1461(a) of Puspan. L. 111–203.

Subsec. (j). Puspan. L. 111–203, § 1462, added subsec. (j).

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by section 1100A(2) of Puspan. L. 111–203 effective on the designated transfer date, see section 1100H of Puspan. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Amendment by section 1462 of Puspan. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Puspan. L. 111–203, set out as a note under section 1601 of this title.

Effective Date

Section effective on the date on which final regulations implementing such section take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Puspan. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 1601 of this title.

Exemptions and Modifications

Puspan. L. 111–203, title XIV, § 1461(span), July 21, 2010, 124 Stat. 2181, provided that:

“The Board may prescribe rules that revise, add to, or subtract from the criteria of section 129D(span) of the Truth in Lending Act [15 U.S.C. 1639d(span)] if the Board determines that such rules are in the interest of consumers and in the public interest.”