2015 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 21 - Financial Recordkeeping (Sections 1951 - 1959)
Sec. 1958 - Compliance
| Publication Title | United States Code, 2012 Edition, Supplement 3, 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 21 - FINANCIAL RECORDKEEPING Sec. 1958 - Compliance |
| Contains | section 1958 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 91-508, title I, §128, Oct. 26, 1970, 84 Stat. 1118; Pub. L. 113-156, §2(b), Aug. 8, 2014, 128 Stat. 1829. |
| Statutes at Large References | 84 Stat. 1118 128 Stat. 1829, 1830 |
| Public and Private Laws | Public Law 91-508, Public Law 113-156 |
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The Secretary shall have the responsibility to assure compliance with the requirements of this chapter and section 1829b of this title and may delegate such responsibility to the appropriate bank supervisory agency, or other supervisory agency. 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 1829b of this title (and regulations prescribed under this chapter and section 1829b of this title), or the State supervisory agency examines the category of financial institution for compliance with this chapter and section 1829b of this title (and regulations prescribed under this chapter and section 1829b of this title).
(Pub. L. 91–508, title I, §128, Oct. 26, 1970, 84 Stat. 1118; Pub. L. 113–156, §2(b), Aug. 8, 2014, 128 Stat. 1829.)
AMENDMENTS2014—Pub. L. 113–156 substituted "requirements of this chapter and section 1829b of this title" for "requirements of this chapter and sections 1730d and 1829b 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 1829b of this title (and regulations prescribed under this chapter and section 1829b of this title), or the State supervisory agency examines the category of financial institution for compliance with this chapter and section 1829b of this title (and regulations prescribed under this chapter and section 1829b of this title)."
CONSULTATION WITH STATE AGENCIESPub. 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."
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