Pub. L. 104-208, div. A, tit. II, subtit. B, ch. 1, sec. 2213

BRANCH CLOSURES.

EnactedYear: 1996Length: 122 wordsOfficial source
SEC. 2213. BRANCH CLOSURES. Section 42 of the Federal Deposit Insurance Act (12 U.S.C. 1831r–1) is amended by adding at the end the following new subsection: “(e) Scope of Application.— This section shall not apply with respect to— “(1) an automated teller machine; “(2) the relocation of a branch or consolidation of one or more branches into another branch, if the relocation or consolidation— “(A) occurs within the immediate neighborhood; and “(B) does not substantially affect the nature of the business or customers served; or “(3) a branch that is closed in connection with— “(A) an emergency acquisition under— “(i) section 11(n); or “(ii) subsection (f) or (k) of section 13; or “(B) any assistance provided by the Corporation under section 13(c).”.
Pub. L. 104-208, div. A, tit. II, subtit. B, ch. 1, sec. 2213: BRANCH CLOSURES. | Justis AI