§ 1831b. Disclosures with respect to certain federally related mortgage loans
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/usc/title-12/section-1831bA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Identity of beneficiary interest as condition for a loan; report to Corporation No insured depository institution, insured branch of a foreign bank, or mutual savings or cooperative bank which is not an insured depository institution, shall make any federally related mortgage loan to any agent, trustee, nominee, or other person acting in a fiduciary capacity without the prior condition that the identity of the person receiving the beneficial interest of such loan shall at all times be revealed to the insured depository institution, insured branch, or bank. At the request of the Corporation, the insured depository institution, insured branch, or bank shall report to the Corporation on the identity of such person and the nature and amount of the loan, discount, or other extension of credit.
(b)Enforcement; bank status In addition to other available remedies, this section may be enforced with respect to mutual savings and cooperative banks which are not insured depository institutions in accordance with section 1818 of this title, and for such purpose such mutual savings and cooperative banks shall be held and considered to be State nonmember insured banks and the appropriate Federal agency with respect to such mutual savings and cooperative banks shall be the Federal Deposit Insurance Corporation.
(Sept. 21, 1950, ch. 967, § 2[25], as added Pub. L. 93–533, § 11(a), Dec. 22, 1974, 88 Stat. 1729; amended Pub. L. 95–369, § 6(c)(30), Sept. 17, 1978, 92 Stat. 620; Pub. L. 101–73, title II, § 201(a), Aug. 9, 1989, 103 Stat. 187; Pub. L. 103–325, title VI, § 602(a)(55), Sept. 23, 1994, 108 Stat. 2290.)
Connections3 cite this · traces to 2
Cited by 3 sections
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15 references not yet in our index
- Sept. 21, 1950, ch. 967, § 2
- Pub. L. 93–533, § 11(a)
- 88 Stat. 1729
- Pub. L. 95–369, § 6(c)(30)
- 92 Stat. 620
- Pub. L. 101–73, title II, § 201(a)
- 103 Stat. 187
- Pub. L. 103–325, title VI, § 602(a)(55)
- 108 Stat. 2290
- Pub. L. 103–325
- Pub. L. 101–73
- Pub. L. 95–369
- section 20 of Pub. L. 93–533
- Pub. L. 93–533, § 11(c)
- section 1730f of this title
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§ 1831b
Disclosures with respect to certain federally related mortgage loans
Stat.×2
Stat. Comp.×1
ActSept. 21, 1950, ch. 967, § 2
Pub. L.Pub. L. 93–533, § 11(a)
Stat.88 Stat. 1729
Pub. L.Pub. L. 95–369, § 6(c)(30)
Stat.92 Stat. 620
Cites 17 · showing 7Cited by 3 across 2 sources