§ 5536. Prohibited acts

341 words·~2 min read·/usc/title-12/section-5536

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In general It shall be unlawful for—

(1)any covered person or service provider—

(A)to offer or provide to a consumer any financial product or service not in conformity with Federal consumer financial law, or otherwise commit any act or omission in violation of a Federal consumer financial law; or

(B)to engage in any unfair, deceptive, or abusive act or practice;

(2)any covered person or service provider to fail or refuse, as required by Federal consumer financial law, or any rule or order issued by the Bureau thereunder—

(A)to permit access to or copying of records;

(B)to establish or maintain records; or

(C)to make reports or provide information to the Bureau; or

(3)any person to knowingly or recklessly provide substantial assistance to a covered person or service provider in violation of the provisions of section 5531 of this title, or any rule or order issued thereunder, and notwithstanding any provision of this title,1 the provider of such substantial assistance shall be deemed to be in violation of that section to the same extent as the person to whom such assistance is provided.

(b)Exception No person shall be held to have violated subsection (a)(1) solely by virtue of providing or selling time or space to a covered person or service provider placing an advertisement.

(Pub. L. 111–203, title X, § 1036, July 21, 2010, 124 Stat. 2010.)

Connections74 cite this · traces to 2

Cited by 74 sections · top 47

statute-compilations

Sec. 1036
PROHIBITED ACTS

statutes-at-large

Public Law 111–203
To 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

bill

Traces to 2 documents

U.S. Code

6 references not yet in our index

1
Pub. L. 111–203, title X, § 1036
124 Stat. 2010
Pub. L. 111–203
124 Stat. 1955
section 1037 of Pub. L. 111–203

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cites case law

§ 5536

Prohibited acts

Fed. Reg.×66

Bills×6

Stat. Comp.×1

Stat.×1

U.S.C.§ 5531

U.S.C.§ 5301

Cite1

Pub. L.Pub. L. 111–203, title X, § 1036

Stat.124 Stat. 2010

Pub. L.Pub. L. 111–203

Stat.124 Stat. 1955

Cites 8 · showing 7Cited by 74 across 4 sources