§ 2617. Authority of Bureau
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/usc/title-12/section-2617A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Issuance of regulations; exemptions The Bureau is authorized to prescribe such rules and regulations, to make such interpretations, and to grant such reasonable exemptions for classes of transactions, as may be necessary to achieve the purposes of this chapter.
(b)Liability for acts done in good faith in conformity with rule, regulation, or interpretation No provision of this chapter or the laws of any State imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or interpretation thereof by the Bureau or the Attorney General, notwithstanding that after such act or omission has occurred, such rule, regulation, or interpretation is amended, rescinded, or determined by judicial or other authority to be invalid for any reason.
(c)Investigations; hearings; failure to obey order; contempt
(1)The Secretary 1 may investigate any facts, conditions, practices, or matters that may be deemed necessary or proper to aid in the enforcement of the provisions of this chapter, in prescribing of rules and regulations thereunder, or in securing information to serve as a basis for recommending further legislation concerning real estate settlement practices. To aid in the investigations, the Bureau is authorized to hold such hearings, administer such oaths, and require by subpena the attendance and testimony of such witnesses and production of such documents as the Bureau deems advisable.
(2)Any district court of the United States within the jurisdiction of which an inquiry is carried on may, in the case of contumacy or refusal to obey a subpena of the Bureau issued under this section, issue an order requiring compliance therewith; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
(d)Delay of effectiveness of recent final regulation relating to payments to employees
(1)In general The amendment to part 3500 of title 24 of the Code of Federal Regulations contained in the final regulation prescribed by the Secretary and published in the Federal Register on June 7, 1996, which will, as of the effective date of such amendment—
(A)eliminate the exemption for payments by an employer to employees of such employer for referral activities which is currently codified as section 3500.14(g)(1)(vii) of such title 24; and
(B)replace such exemption with a more limited exemption in new clauses (vii), (viii), and
(ix)of section 3500.14 of such title 24,
shall not take effect before July 31, 1997.
(2)Continuation of prior rule The regulation codified as section 3500.14(g)(1)(vii) of title 24 of the Code of Federal Regulations, relating to employer-employee payments, as in effect on May 1, 1996, shall remain in effect until the date the amendment referred to in paragraph
(1)takes effect in accordance with such paragraph.
(3)Public notice of effective date The Secretary shall provide public notice of the date on which the amendment referred to in paragraph
(1)will take effect in accordance with such paragraph not less than 90 days and not more than 180 days before such effective date.
(Pub. L. 93–533, § 19, as added Pub. L. 94–205, § 10, Jan. 2, 1976, 89 Stat. 1159; amended Pub. L. 98–181, title I [title IV, § 461(e)], Nov. 30, 1983, 97 Stat. 1232; Pub. L. 104–208, div. A, title II, § 2103(f), Sept. 30, 1996, 110 Stat. 3009–401; Pub. L. 111–203, title X, § 1098(11), July 21, 2010, 124 Stat. 2104.)
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Cited by 81 sections · top 57
CFR
statutes-at-large
- Public Law 98–181Making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes
- Public Law 94–205To amend the Real Estate Settlement Procedures Act of 1974
- 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
- Public Law 111–203To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes
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- Rules and RegulationsProposed rule with request for public comment
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- Rules and RegulationsInterim final rule; request for public comment
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- Rules and RegulationsProposed rule
- Proposed RulesProposed rule with request for public comment
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- Rules and RegulationsProposed rule with request for comment
- Rules and RegulationsProcedural rule
- NoticesFinal rule; official interpretations
- Proposed RulesInterim final rule with request for public comment
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statute-compilations
Traces to 2 documents
19 references not yet in our index
- 1
- Pub. L. 93–533, § 19
- Pub. L. 94–205, § 10
- 89 Stat. 1159
- Pub. L. 98–181, title I
- 97 Stat. 1232
- Pub. L. 104–208, div. A, title II, § 2103(f)
- 110 Stat. 3009–401
- Pub. L. 111–203, title X, § 1098(11)
- 124 Stat. 2104
- Pub. L. 111–203, § 1098(11)(A)
- Pub. L. 111–203, § 1098(11)(B)
- Pub. L. 111–203, § 1098(11)(C)
- Pub. L. 104–208
- Pub. L. 98–181
- Pub. L. 111–203
- section 1100H of Pub. L. 111–203
- section 461(f) of Pub. L. 98–181
- section 12 of Pub. L. 94–205
Citation graph
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§ 2617
Authority of Bureau
Fed. Reg.×70
Stat.×4
C.F.R.×3
U.S.C.×3
Stat. Comp.×1
Cite1
Pub. L.Pub. L. 93–533, § 19
Pub. L.Pub. L. 94–205, § 10
Stat.89 Stat. 1159
Pub. L.Pub. L. 98–181, title I
Cites 21 · showing 7Cited by 81 across 5 sources