Notes on 15 U.S.C. § 7001 : US Code - Notes

Search Notes on 15 U.S.C. § 7001 : US Code - Notes

(Pub. L. 106-229, title I, Sec. 101, June 30, 2000, 114 Stat. 464.)
REFERENCES IN TEXT
This chapter, referred to in subsec. (c)(2)(B), was in the
original "this Act", meaning Pub. L. 106-229, June 30, 2000, 114
Stat. 464, which is classified principally to this chapter. For
complete classification of this Act to the Code, see Short Title
note below and Tables.
For the effective date of this subchapter, referred to in subsec.
(c)(5), see Effective Date note below.
EFFECTIVE DATE
Pub. L. 106-229, title I, Sec. 107, June 30, 2000, 114 Stat. 473,
provided that:
"(a) In General. - Except as provided in subsection (b), this
title [enacting this subchapter] shall be effective on October 1,
2000.
"(b) Exceptions. -
"(1) Record retention. -
"(A) In general. - Subject to subparagraph (B), this title
[enacting this subchapter] shall be effective on March 1, 2001,
with respect to a requirement that a record be retained imposed
by -
"(i) a Federal statute, regulation, or other rule of law,
or
"(ii) a State statute, regulation, or other rule of law
administered or promulgated by a State regulatory agency.
"(B) Delayed effect for pending rulemakings. - If on March 1,
2001, a Federal regulatory agency or State regulatory agency
has announced, proposed, or initiated, but not completed, a
rulemaking proceeding to prescribe a regulation under section
104(b)(3) [15 U.S.C. 7004(b)(3)] with respect to a requirement
described in subparagraph (A), this title shall be effective on
June 1, 2001, with respect to such requirement.
"(2) Certain guaranteed and insured loans. - With regard to any
transaction involving a loan guarantee or loan guarantee
commitment (as those terms are defined in section 502 of the
Federal Credit Reform Act of 1990 [2 U.S.C. 661a]), or involving
a program listed in the Federal Credit Supplement, Budget of the
United States, FY 2001, this title applies only to such
transactions entered into, and to any loan or mortgage made,
insured, or guaranteed by the United States Government
thereunder, on and after one year after the date of enactment of
this Act [June 30, 2000].
"(3) Student loans. - With respect to any records that are
provided or made available to a consumer pursuant to an
application for a loan, or a loan made, pursuant to title IV of
the Higher Education Act of 1965 [20 U.S.C. 1070 et seq., 42
U.S.C. 2751 et seq.], section 101(c) of this Act [15 U.S.C.
7001(c)] shall not apply until the earlier of -
"(A) such time as the Secretary of Education publishes
revised promissory notes under section 432(m) of the Higher
Education Act of 1965 [20 U.S.C. 1082(m)]; or
"(B) one year after the date of enactment of this Act [June
30, 2000]."
SHORT TITLE
Pub. L. 106-229, Sec. 1, June 30, 2000, 114 Stat. 464, provided
that: "This Act [enacting this chapter and amending provisions set
out as a note under section 231 of Title 47, Telegraphs,
Telephones, and Radiotelegraphs] may be cited as the 'Electronic
Signatures in Global and National Commerce Act'."