§ 1863. Permissible bank service company activities for depository institutions
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/usc/title-12/section-1863A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Without regard to the provisions of sections 1864 and 1865 of this title, an insured depository institution may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions: check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, or any other clerical, bookkeeping, accounting, statistical, or similar functions performed for a depository institution.
(Pub. L. 87–856, § 3, Oct. 23, 1962, 76 Stat. 1132; Pub. L. 97–320, title VII, § 709, Oct. 15, 1982, 96 Stat. 1541; Pub. L. 104–208, div. A, title II, § 2613(d), Sept. 30, 1996, 110 Stat. 3009–477; Pub. L. 109–351, title VI, § 602(a), Oct. 13, 2006, 120 Stat. 1978.)
Connections3 cite this
Cited by 3 sections
statutes-at-large
- Public Law 97–320To revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans
- Public Law 104–207Waiving certain enrollment requirements with respect to any bill or joint resolution of the One Hundred Fourth Congress making genera) or continuing appropriations for fiscal year 1997
statute-compilations
11 references not yet in our index
- Pub. L. 87–856, § 3
- 76 Stat. 1132
- Pub. L. 97–320, title VII, § 709
- 96 Stat. 1541
- Pub. L. 104–208, div. A, title II, § 2613(d)
- 110 Stat. 3009–477
- Pub. L. 109–351, title VI, § 602(a)
- 120 Stat. 1978
- Pub. L. 109–351
- Pub. L. 104–208
- Pub. L. 97–320
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cites case law
§ 1863
Permissible bank service company activities for depository institutions
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 87–856, § 3
Stat.76 Stat. 1132
Pub. L.Pub. L. 97–320, title VII, § 709
Stat.96 Stat. 1541
Pub. L.Pub. L. 104–208, div. A, title II, § 2613(d)
Cites 11 · showing 5Cited by 3 across 2 sources