1994 US Code
Title 12 - BANKS AND BANKING
CHAPTER 18 - BANK SERVICE CORPORATIONS
Sec. 1866 - Services to nonstockholders
View Metadata| Publication Title | United States Code, 1994 Edition, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 18 - BANK SERVICE CORPORATIONS Sec. 1866 - Services to nonstockholders |
| Contains | section 1866 |
| Date | 1994 |
| Laws in Effect as of Date | January 4, 1995 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-856, §6, Oct. 23, 1962, as added Pub. L. 97-320, title VII, §709, Oct. 15, 1982, 96 Stat. 1543. |
| Statutes at Large Reference | 96 Stat. 1543 |
| Public Law References | Public Law 87-856, Public Law 97-320 |
§1866. Services to nonstockholders
No bank service corporation shall unreasonably discriminate in the provision of any services authorized under this chapter to any depository institution that does not own stock in the service corporation on the basis of the fact that the nonstockholding institution is in competition with an institution that owns stock in the bank service corporation, except that—
(1) it shall not be considered unreasonable discrimination for a bank service corporation to provide services to a nonstockholding institution only at a price that fully reflects all of the costs of offering those services, including the cost of capital and a reasonable return thereon; and
(2) a bank service corporation may refuse to provide services to a nonstockholding institution if comparable services are available from another source at competitive overall costs, or if the providing of services would be beyond the practical capacity of the service corporation.
(Pub. L. 87–856, §6, Oct. 23, 1962, as added Pub. L. 97–320, title VII, §709, Oct. 15, 1982, 96 Stat. 1543.)
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