Pub. L. 101-73, tit. IX, subtit. D, sec. 942

ADDITIONAL EXCEPTIONS.

EnactedYear: 1989Length: 282 wordsOfficial source
SEC. 942. ADDITIONAL EXCEPTIONS. Section 1113 of the Right to Financial Privacy Act of 1978 (12 U.S.C. 3413(b)) is amended— (1) by amending subsection (b) to read as follows: “(b) This chapter shall not apply to the examination by or disclosure to any supervisory agency of financial records or information in the exercise of its supervisory, regulatory, or monetary functions, including conservatorship or receivership functions, with respect to any financial institution, holding company, subsidiary of a financial institution or holding company, institution-affiliated party (within the meaning of section 3(u) of the Federal Deposit Insurance Act) with respect to a financial institution, holding company, or subsidiary, or other person participating in the conduct of the affairs thereof.”; and (2) by adding at the end the following new subsections: “(m) This title shall not apply to the examination by or disclosure to employees or agents of the Board of Governors of the Federal Reserve System or any Federal Reserve Bank of financial records or information in the exercise of the Federal Reserve System’s authority to extend credit to the financial institutions or others. “(n) This title shall not apply to the examination by or disclosure to the Resolution Trust Corporation or its employees or agents of financial records or information in the exercise of its conservatorship, receivership, or liquidation functions with respect to a financial institution. “(o) This title shall not apply to the examination by or disclosure to the Federal Housing Finance Board or any of the Federal home loan banks of financial records or information in the exercise of the Federal Housing Finance Board’s authority to extend credit (either directly or through a Federal home loan bank) to financial institutions or others.”.
Pub. L. 101-73, tit. IX, subtit. D, sec. 942: ADDITIONAL EXCEPTIONS. | Justis AI