§ 1866. Services to nonstockholders or nonmembers
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/usc/title-12/section-1866A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No bank service company shall unreasonably discriminate in the provision of any services authorized under this chapter to any depository institution that does not own stock in or is not a member of the service company on the basis of the fact that such depository institution is in competition with an institution that owns stock in or is a member of the bank service company, except that—
(1)it shall not be considered unreasonable discrimination for a bank service company to provide services to a nonstockholding or nonmember institution only at a price that fully reflects all of the costs of offering those services, including the cost of capital and a reasonable return thereon; and
(2)a bank service company may refuse to provide services to a nonstockholding or nonmember institution if comparable services are available from another source at competitive overall costs, or if the providing of services would be beyond the practical capacity of the service company.
(Pub. L. 87–856, § 6, Oct. 23, 1962, as added Pub. L. 97–320, title VII, § 709, Oct. 15, 1982, 96 Stat. 1543; amended Pub. L. 104–208, div. A, title II, § 2613(g), Sept. 30, 1996, 110 Stat. 3009–478.)
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
6 references not yet in our index
- Pub. L. 87–856, § 6
- Pub. L. 97–320, title VII, § 709
- 96 Stat. 1543
- Pub. L. 104–208, div. A, title II, § 2613(g)
- 110 Stat. 3009–478
- Pub. L. 104–208, § 2613(g)(1)
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cites case law
§ 1866
Services to nonstockholders or nonmembers
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 87–856, § 6
Pub. L.Pub. L. 97–320, title VII, § 709
Stat.96 Stat. 1543
Pub. L.Pub. L. 104–208, div. A, title II, § 2613(g)
Stat.110 Stat. 3009–478
Cites 6 · showing 5Cited by 3 across 2 sources