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U.S. Code as of:
01/19/04
Section 4309. Administrative enforcement
(a) In general
Compliance with the requirements imposed under this chapter shall
be enforced under -
(1) section 8 of the Federal Deposit Insurance Act [12 U.S.C.
1818] -
(A) by the appropriate Federal banking agency (as defined in
section 3(q) of the Federal Deposit Insurance Act [12 U.S.C.
1813(q)]) in the case of insured depository institutions (as
defined in section 3(c)(2) of such Act [12 U.S.C. 1813(c)(2)]);
(B) by the Federal Deposit Insurance Corporation in the case
of depository institutions described in clause (i), (ii), or
(iii) of section 19(b)(1)(A) of the Federal Reserve Act [12
U.S.C. 461(b)(1)(A)] which are not insured depository
institutions (as defined in section 3(c)(2) of the Federal
Deposit Insurance Act [12 U.S.C. 1813(c)(2)]); and
(C) by the Director of the Office of Thrift Supervision in
the case of depository institutions described in clause (v) and
or (vi) of section 19(b)(1)(A) of the Federal Reserve Act [12
U.S.C. 461(b)(1)(A)] which are not insured depository
institutions (as defined in section 3(c)(2) of the Federal
Deposit Insurance Act [12 U.S.C. 1813(c)(2)]); and
(2) the Federal Credit Union Act [12 U.S.C. 1751 et seq.], by
the National Credit Union Administration Board in the case of
depository institutions described in clause (iv) of section
19(b)(1)(A) of the Federal Reserve Act [12 U.S.C. 461(b)(1)(A)].
(b) Additional enforcement powers
(1) Violation of this chapter treated as violation of other Acts
For purposes of the exercise by any agency referred to in
subsection (a) of this section of such agency's powers under any
Act referred to in such subsection, a violation of a requirement
imposed under this chapter shall be deemed to be a violation of a
requirement imposed under that Act.
(2) Enforcement authority under other Acts
In addition to the powers of any agency referred to in
subsection (a) of this section under any provision of law
specifically referred to in such subsection, each such agency may
exercise, for purposes of enforcing compliance with any
requirement imposed under this chapter, any other authority
conferred on such agency by law.
(c) Regulations by agencies other than the Board
The authority of the Board to issue regulations under this
chapter does not impair the authority of any other agency referred
to in subsection (a) of this section to make rules regarding its
own procedures in enforcing compliance with the requirements
imposed under this chapter.
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