In general
section 461(b)(1)(A) of this titleNo regulation prescribed by the Bureau under this chapter shall apply directly with respect to any depository institution described in clause (iv) of .
Regulations prescribed by NCUA
Within 90 days of the effective date of any regulation prescribed by the Bureau under this chapter, the National Credit Union Administration Board shall prescribe a regulation substantially similar to the regulation prescribed by the Bureau taking into account the unique nature of credit unions and the limitations under which they may pay dividends on member accounts.
Pub. L. 102–242, title II, § 272105 Stat. 2342 Pub. L. 102–550, title XVI, § 1604(e)(2)(P)106 Stat. 4084 Pub. L. 111–203, title X, § 1100B(1)124 Stat. 2109 (, , ; , (Q), , ; , (3), , , 2110.)
Editorial Notes
Amendments
Pub. L. 111–203, § 1100B(1)2010—Subsec. (a). , substituted “Bureau” for “Board”.
Pub. L. 111–203, § 1100B(3)Subsec. (b). , substituted “regulation prescribed by the Bureau” for “regulation prescribed by the Board” in two places.
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. 111–203section 1100H of Pub. L. 111–203section 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. 102–550Pub. L. 102–242section 1609(a) of Pub. L. 102–550section 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 .