12 U.S.C. § 4304 | Disclosure requirements for certain accounts

The Bureau shall require, in regulations which the Bureau 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.

Pub. L. 102–242, title II, § 265Dec. 19, 1991105 Stat. 2336 Pub. L. 102–550, title XVI, § 1604(e)(2)(A)Oct. 28, 1992106 Stat. 4084 Pub. L. 111–203, title X, § 1100B(1)July 21, 2010124 Stat. 2109(, , ; , , ; , , .)

Editorial Notes

Amendments

Pub. L. 111–2032010— substituted “Bureau” for “Board” in two places in introductory provisions.

Pub. L. 102–5501992— made technical amendment to references to “this chapter” wherever appearing to reflect correction of corresponding provision of original act.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Pub. L. 111–203 section 1100H of Pub. L. 111–203 section 552a of Title 5Amendment by effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.

Effective Date of 1992 Amendment

Pub. L. 102–550 Pub. L. 102–242Dec. 19, 1991section 1609(a) of Pub. L. 102–550 section 191 of this titleAmendment by effective as if included in the Federal Deposit Insurance Corporation Improvement Act of 1991, , as of , see , set out as a note under .