Notes on 15 U.S.C. § 1607 : US Code - Notes

Search Notes on 15 U.S.C. § 1607 : US Code - Notes

(Pub. L. 90-321, title I, Sec. 108, May 29, 1968, 82 Stat. 150;
Pub. L. 91-206, Sec. 3, Mar. 10, 1970, 84 Stat. 49; Pub. L. 93-495,
title IV, Sec. 403, Oct. 28, 1974, 88 Stat. 1517; Pub. L. 95-630,
title V, Sec. 501, Nov. 10, 1978, 92 Stat. 3680; Pub. L. 96-221,
title VI, Sec. 608(a), (c), Mar. 21, 1980, 94 Stat. 171, 173; Pub.
L. 98-443, Sec. 9(n), Oct. 4, 1984, 98 Stat. 1708; Pub. L. 101-73,
title VII, Sec. 744(k), Aug. 9, 1989, 103 Stat. 439; Pub. L. 102-
242, title II, Sec. 212(b), Dec. 19, 1991, 105 Stat. 2299; Pub. L.
102-550, title XVI, Sec. 1604(a)(5), Oct. 28, 1992, 106 Stat. 4082;
Pub. L. 104-208, div. A, title II, Sec. 2106, Sept. 30, 1996, 110
Stat. 3009-402.)
REFERENCES IN TEXT
Section 25(a) of the Federal Reserve Act, referred to in subsec.
(a)(1)(B), which is classified to subchapter II (Sec. 611 et seq.)
of chapter 6 of Title 12, Banks and Banking, was renumbered section
25A of that act by Pub. L. 102-242, title I, Sec. 142(e)(2), Dec.
19, 1991, 105 Stat. 2281. Section 25 of the Federal Reserve Act is
classified to subchapter I (Sec. 601 et seq.) of chapter 6 of Title
12.
The Federal Credit Union Act, referred to in subsec. (a)(3), is
act June 26, 1934, ch. 750, 48 Stat. 1216, as amended, which is
classified generally to chapter 14 (Sec. 1751 et seq.) of Title 12.
For complete classification of this Act to the Code, see section
1751 of Title 12 and Tables.
The Packers and Stockyards Act, 1921, referred to in subsec.
(a)(5), is act Aug. 15, 1921, ch. 64, 42 Stat. 159, as amended,
which is classified to chapter 9 (Sec. 181 et seq.) of Title 7,
Agriculture. For complete classification of this Act to the Code,
see section 181 of Title 7 and Tables.
The Farm Credit Act of 1971, referred to in subsec. (a)(6), is
Pub. L. 92-181, Dec. 10, 1971, 85 Stat. 583, as amended, which is
classified generally to chapter 23 (Sec. 2001 et seq.) of Title 12,
Banks and Banking. For complete classification of this Act to the
Code, see Short Title note set out under section 2001 of Title 12
and Tables.
The Federal Trade Commission Act, referred to in subsec. (c), is
act Sept. 26, 1914, ch. 311, 38 Stat. 717, as amended, which is
classified generally to subchapter I (Sec. 41 et seq.) of chapter 2
of this title. For complete classification of this Act to the Code,
see section 58 of this title and Tables.
CODIFICATION
In subsec. (a)(4), "part A of subtitle VII of title 49"
substituted for "the Federal Aviation Act of 1958 [49 App. U.S.C.
1301 et seq.]" and "that part" substituted for "that Act" on
authority of Pub. L. 103-272, Sec. 6(b), July 5, 1994, 108 Stat.
1378, the first section of which enacted subtitles II, III, and V
to X of Title 49, Transportation.
AMENDMENTS
1996 - Subsec. (e)(3). Pub. L. 104-208 struck out "ordered (A)
if" and inserted "ordered -
"(A) if";
struck out "may require a partial" and inserted "may -
"(i) require a partial";
struck out ", except that with respect to any transaction
consumated after March 31, 1980, the agency shall require" and
inserted "; or
"(ii) require";
directed the substitution of "reasonable, if (in the case of an
agency referred to in paragraph (1), (2), or (3) of subsection (a)
of this section), the agency determines that a partial adjustment
or making partial payments over an extended period is necessary to
avoid causing the creditor to become undercapitalized pursuant to
section 38 of the Federal Deposit Insurance Act;
"(B) the";
for "reasonable, (B) the", which was executed by making the
substitution for "reasonable, (B) if the"; and struck out "(C)
except" and inserted
"(C) except".
1992 - Subsec. (a)(1)(C). Pub. L. 102-550 substituted semicolon
for period at end.
1991 - Subsec. (a). Pub. L. 102-242, Sec. 212(b)(2), inserted at
end "The terms used in paragraph (1) that are not defined in this
subchapter or otherwise defined in section 3(s) of the Federal
Deposit Insurance Act (12 U.S.C. 1813(s)) shall have the meaning
given to them in section 1(b) of the International Banking Act of
1978 (12 U.S.C. 3101)."
Pub. L. 102-242, Sec. 212(b)(1), added par. (1) and struck out
former par. (1) which read as follows: "section 8 of the Federal
Deposit Insurance Act, in the case of
"(A) national banks, by the Comptroller of the Currency.
"(B) member banks of the Federal Reserve System (other than
national banks), by the Board.
"(C) banks insured by the Federal Deposit Insurance Corporation
(other than members of the Federal Reserve System), by the Board
of Directors of the Federal Deposit Insurance Corporation."
1989 - Subsec. (a)(2). Pub. L. 101-73 amended par. (2) generally.
Prior to amendment, par. (2) read as follows: "section 5(d) of the
Home Owner's Loan Act of 1933, section 407 of the National Housing
Act, and sections 6(i) and 17 of the Federal Home Loan Bank Act, by
the Federal Home Loan Bank Board (acting directly or through the
Federal Savings and Loan Insurance Corporation), in the case of any
institution subject to any of those provisions."
1984 - Subsec. (a)(4). Pub. L. 98-443 substituted "Secretary of
Transportation" for "Civil Aeronautics Board".
1980 - Subsec. (e). Pub. L. 96-221, Sec. 608(a), added subsec.
(e).
Pub. L. 96-221, Sec. 608(c), struck out in pars. (1)(A)(i) and
(7) ", except in the case of an irregular mortgage lending
transaction" after "section 1606(c) of this title". See Effective
Date of 1980 Amendment note below.
1974 - Subsec. (a)(4) to (6). Pub. L. 93-495 redesignated pars.
(5) and (6) as (4) and (5), respectively. Former par. (4), which
related to enforcement by the Interstate Commerce Commission, was
struck out.
EFFECTIVE DATE OF 1992 AMENDMENT
Amendment by Pub. L. 102-550 effective as if included in the
Federal Deposit Insurance Corporation Improvement Act of 1991, Pub.
L. 102-242, as of Dec. 19, 1991, see section 1609(a) of Pub. L. 102-
550, set out as a note under section 191 of Title 12, Banks and
Banking.
EFFECTIVE DATE OF 1984 AMENDMENT
Amendment by Pub. L. 98-443 effective Jan. 1, 1985, see section
9(v) of Pub. L. 98-443, set out as a note under section 5314 of
Title 5, Government Organization and Employees.
EFFECTIVE DATE OF 1980 AMENDMENT
Section 608(b) of Pub. L. 96-221 provided that: "This section
[amending this section] shall take effect on the date of enactment
of the Truth in Lending Simplification and Reform Act [Mar. 31,
1980]."
Section 608(c) of Pub. L. 96-221 provided that the amendment made
by that section is effective one year after Mar. 31, 1980.
EFFECTIVE DATE OF 1974 AMENDMENT
Amendment by Pub. L. 93-495 effective Oct. 28, 1974, see section
416 of Pub. L. 93-495, set out as an Effective Date note under
section 1665a of this title.
TRANSFER OF FUNCTIONS
"National Credit Union Administration Board" substituted for
"Director of the Bureau of Federal Credit Unions" in subsec. (a)(3)
pursuant to section 3 of Pub. L. 91-206 and section 501 of Pub. L.
95-630 [12 U.S.C. 1752a] which transferred functions of Bureau of
Federal Credit Unions, and Director thereof, to National Credit
Union Administration and vested authority for management of
Administration in National Credit Union Administration Board.
(!1) See References in Text note below.
(!2) So in original. Probably should be preceded by "if".