12 U.S.C. § 4304 : US Code - Section 4304: Disclosure requirements for certain accounts

Search 12 U.S.C. § 4304 : US Code - Section 4304: Disclosure requirements for certain accounts

The Board shall require, in regulations which the Board shall
prescribe, such modification in the disclosure requirements under
this chapter relating to annual percentage yield as may be
necessary to carry out the purposes of this chapter in the case of -

(1) accounts with respect to which determination of annual
percentage yield is based on an annual rate of interest that is
guaranteed for a period of less than 1 year;
(2) variable rate accounts;
(3) accounts which, pursuant to law, do not guarantee payment
of a stated rate;
(4) multiple rate accounts; and
(5) accounts with respect to which determination of annual
percentage yield is based on an annual rate of interest that is
guaranteed for a stated term.