2017 US Code
Title 12 - Banks and Banking
Chapter 52 - Emergency Economic Stabilization
Subchapter I - Troubled Assets Relief Program
Sec. 5232 - Credit reform
| 12 U.S.C. § 5232 (2017) |
| §5232. Credit reform |
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(a) In general
Subject to subsection (b), the costs of purchases of troubled assets made under section 5211(a) of this title and guarantees of troubled assets under section 5212 of this title, and any cash flows associated with the activities authorized in section 5212 of this title and subsections (a), (b), and (c) of section 5216 of this title shall be determined as provided under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et.1 seq.). (b) CostsFor the purposes of section 502(5) of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a(5))— (1) the cost of troubled assets and guarantees of troubled assets shall be calculated by adjusting the discount rate in section 502(5)(E) (2 U.S.C. 661a(5)(E)) for market risks; and (2) the cost of a modification of a troubled asset or guarantee of a troubled asset shall be the difference between the current estimate consistent with paragraph (1) under the terms of the troubled asset or guarantee of the troubled asset and the current estimate consistent with paragraph (1) under the terms of the troubled asset or guarantee of the troubled asset, as modified. |
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(Pub. L. 110–343, div. A, title I, §123, Oct. 3, 2008, 122 Stat. 3790.) |
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REFERENCES IN TEXT
The Federal Credit Reform Act of 1990, referred to in subsec. (a), is title V of Pub. L. 93–344, as added by Pub. L. 101–508, title XIII, §13201(a), Nov. 5, 1990, 104 Stat. 1388–609, which is classified generally to subchapter III (§661 et seq.) of chapter 17A of Title 2, The Congress. For complete classification of this Act to the Code, see Short Title note set out under section 621 of Title 2 and Tables. |
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1 So in original. |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 52 - EMERGENCY ECONOMIC STABILIZATION SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM Sec. 5232 - Credit reform |
| section 5232 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 104 Stat. 1388-609 122 Stat. 3790 |
| Public Law 93-344, Public Law 101-508, Public Law 110-343 |
