Sec. 3. Location of insured depository institution
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/bill/115/hr/4439/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7 of the Bank Service Company Act ( 12 U.S.C. 1867 ) is amended— by redesignating subsection
(d)as subsection (e); and by inserting after subsection
(c)the following: The geographic location within the United States of a person performing services for an insured depository institution under subsection
(c)or the existence of an economic relationship between an insured depository institution and another person shall not affect the determination of the location of such institution under other applicable law. . Section 5(d)(7) of the Home Owners’ Loan Act ( 12 U.S.C. 1464(d)(7) ) is amended— by redesignating subparagraph
(E)as subparagraph (F); and by inserting after subparagraph
(D)the following: The geographic location within the United States of a person performing services for a savings association under subparagraph
(D)or the existence of an economic relationship between a savings association and another person shall not affect the determination of the location of the savings association under other applicable law. .
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