12 U.S.C. § 2805 : US Code - Section 2805: Relation to State laws

Search 12 U.S.C. § 2805 : US Code - Section 2805: Relation to State laws

(a) This chapter does not annul, alter, or affect, or exempt any
State chartered depository institution subject to the provisions of
this chapter from complying with the laws of any State or
subdivision thereof with respect to public disclosure and
recordkeeping by depositor institutions, except to the extent that
those laws are inconsistent with any provision of this chapter, and
then only to the extent of the inconsistency. The Board is
authorized to determine whether such inconsistencies exist. The
Board may not determine that any such law is inconsistent with any
provision of this chapter if the Board determines that such law
requires the maintenance of records with greater geographic or
other detail than is required under this chapter, or that such law
otherwise provides greater disclosure than is required under this
chapter.
(b) The Board may by regulation exempt from the requirements of
this chapter any State chartered depository institution within any
State or subdivision thereof if it determines that, under the law
of such State or subdivision, that institution is subject to
requirements substantially similar to those imposed under this
chapter, and that such law contains adequate provisions for
enforcement. Notwithstanding any other provision of this
subsection, compliance with the requirements imposed under this
subsection shall be enforced under -
(1) section 1818 of this title in the case of national banks,
by the Comptroller of the Currency; and
(2) section 1818 of this title, by the Director of the Office
of Thrift Supervision in the case of a savings association the
deposits of which are insured by the Federal Deposit Insurance
Corporation.