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U.S. Code as of:
01/19/04
Section 3106a. Compliance with State and Federal laws
(1) Every branch or agency of a foreign bank and every commercial
lending company controlled by one or more foreign banks or by one
or more foreign companies that control a foreign bank shall conduct
its operations in the United States in full compliance with
provisions of any law of the United States or any State thereof
which -
(A) impose requirements that protect the rights of consumers in
financial transactions, to the extent that the branch, agency, or
commercial lending company engages in activities that are subject
to such laws;
(B) prohibit discrimination against any individual or other
person on the basis of the race, color, religion, sex, marital
status, age, or national origin of (i) such individual or other
person or (ii) any officer, director, employee, or creditor of,
or any owner of any interest in, such individual or other person;
and
(C) apply to national banks or State-chartered banks doing
business in the State in which such branch or agency or
commercial lending company, as the case may be, is doing
business.
(2) No application for a branch or agency shall be approved by
the Comptroller or by a State bank supervisory authority, as the
case may be, unless the entity making the application has agreed to
conduct all of its operations in the United States in full
compliance with provisions of any law of the United States or any
State thereof which -
(A) impose requirements that protect the rights of consumers in
financial transactions, to the extent that the branch, agency, or
commercial lending company engages in activities that are subject
to such laws;
(B) prohibit discrimination against individuals or other
persons on the basis of the race, color, religion, sex, marital
status, age, or national origin of (i) such individual or other
person or (ii) any officer, director, employee, or creditor of,
or any owner of any interest in, such individual or other person;
and
(C) apply to national banks or State-chartered banks doing
business in the State in which the entity to be established is to
do business.
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