Sec. 2. Visitorial powers
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/bill/116/hr/3643/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The fifth undesignated paragraph of section 5240 of the Revised Statutes of the United States ( 12 U.S.C. 484 ) is amended by striking subparagraph
(B)and inserting the following: Notwithstanding subparagraph (A)— lawfully authorized State auditors and examiners may, at reasonable times and upon reasonable notice to a bank, review the bank’s records solely to ensure compliance with applicable State unclaimed property or escheat laws upon reasonable cause to believe that the bank has failed to comply with such laws; an attorney general (or other chief law enforcement officer) of a State may issue subpoenas to national banks or officers of national banks based upon reasonable cause to believe that the national bank or an officer of a national bank has failed to comply with applicable State laws; and an attorney general (or other chief law enforcement officer) of a State may require a national bank to provide aggregate data on loans and other financial products and services provided by the national bank in such State. .
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U.S. Code