Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2803&num=0&edition=prelim
Timestamp: 2020-08-09 03:20:52
Document Index: 469314841

Matched Legal Cases: ['§ 2803', '§304', '§340', '§701', '§565', '§1211', '§212', '§932', '§2225', '§1094', '§104', '§1702', '§1707', '§1471', '§1094', '§104', '§104', '§104', '§1094', '§932', '§212', '§1211', '§570', '§340', '§932']

[USC02] 12 USC 2803: Maintenance of records and public disclosure
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12 USC 2803: Maintenance of records and public disclosure Text contains those laws in effect on August 7, 2020
Any item of information relating to mortgage loans required to be maintained under subsection (a) shall be further itemized in order to disclose for each such item-
(5) the number and dollar amount of mortgage loans grouped according to measurements of-
(6) the number and dollar amount of mortgage loans and completed applications grouped according to measurements of-
The requirements of subsections (a) and (b) shall not apply with respect to mortgage loans that are-
The data required to be disclosed under subsection (b) shall be submitted to the Bureau or to the appropriate agency for the institution reporting under this chapter, in accordance with rules prescribed by the Bureau. Notwithstanding the requirement of subsection (a)(2)(A) for disclosure by census tract, the Bureau, in consultation with other appropriate agencies described in paragraph (2) and, after notice and comment, shall develop regulations that-
The appropriate agencies described in this paragraph are-
A modification under paragraph (1)(E) shall apply to information concerning-
(1) Closed-end mortgage loans
With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to closed-end mortgage loans if the insured depository institution or insured credit union originated fewer than 500 closed-end mortgage loans in each of the 2 preceding calendar years.
(2) Open-end lines of credit
With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to open-end lines of credit if the insured depository institution or insured credit union originated fewer than 500 open-end lines of credit in each of the 2 preceding calendar years.
(3) 2 Required compliance
Notwithstanding paragraphs (1) and (2), an insured depository institution shall comply with paragraphs (5) and (6) of subsection (b) if the insured depository institution has received a rating of "needs to improve record of meeting community credit needs" during each of its 2 most recent examinations or a rating of "substantial noncompliance in meeting community credit needs" on its most recent examination under section 2906(b)(2) of this title.
(3) 2 Exemption from certain disclosure requirements
The requirements of subsections (b)(4), (b)(5), and (b)(6) shall not apply with respect to any depository institution described in section 2802(3)(A) of this title which has total assets, as of the most recent full fiscal year of such institution, of $30,000,000 or less.
The Bureau shall require, by regulation, such deletions as the Bureau may determine to be appropriate to protect-
A depository institution meets the disclosure requirement of paragraph (1) if the institution provides the information required under such paragraph in such formats as the Bureau may require 3
The disclosure of the loan application register information described in paragraph (1) for any year pursuant to a request under paragraph (1) shall be made-
In accordance with procedures established by the Bureau pursuant to this section, any depository institution required to make disclosures under this section-
Except as provided in subsections (j)(5) and (k)(1) and regulations prescribed by the Bureau and subject to subparagraph (B), any information required to be disclosed for any year beginning after December 31, 1992, under-
With respect to disclosures of information under this section or section 2809 of this title for any year beginning after December 31, 1993, every effort shall be made-
(1) the term "insured credit union" has the meaning given the term in section 1752 of this title; and
(2) the term "insured depository institution" has the meaning given the term in section 1813 of this title.
( Pub. L. 94–200, title III, §304, Dec. 31, 1975, 89 Stat. 1125 ; Pub. L. 96–399, title III, §340(a), Oct. 8, 1980, 94 Stat. 1657 ; Pub. L. 98–181, title I [title VII, §701(a)], Nov. 30, 1983, 97 Stat. 1266 ; Pub. L. 100–242, title V, §§565(a)(2), 570(h), Feb. 5, 1988, 101 Stat. 1945 , 1950; Pub. L. 101–73, title XII, §1211(a)–(c)(2)(C), (f), (i), (j), Aug. 9, 1989, 103 Stat. 524–526 ; Pub. L. 102–242, title II, §212(a)(1), Dec. 19, 1991, 105 Stat. 2299 ; Pub. L. 102–550, title IX, §932(a), (b), Oct. 28, 1992, 106 Stat. 3889 , 3891; Pub. L. 104–208, div. A, title II, §2225(b), Sept. 30, 1996, 110 Stat. 3009–416 ; Pub. L. 111–203, title X, §1094(1), (3), July 21, 2010, 124 Stat. 2097 ; Pub. L. 115–174, title I, §104(a), (c), May 24, 2018, 132 Stat. 1300 , 1301.)
The National Housing Act, referred to in subsecs. (b)(1) and (g)(2), is act June 27, 1934, ch. 847, 48 Stat. 1246 . Titles I and II of the National Housing Act are classified generally to subchapters I (§1702 et seq.) and II (§1707 et seq.), respectively, of chapter 13 of this title. For complete classification of this Act to the Code, see section 1701 of this title and Tables.
The Housing Act of 1949, referred to in subsec. (b)(1), is act July 15, 1949, ch. 338, 63 Stat. 413 . Title V of the Housing Act of 1949 is classified generally to subchapter III (§1471 et seq.) of chapter 8A of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 1441 of Title 42 and Tables.
Section 2802(2)(A) of this title, referred to in subsec. (h)(2)(B), was redesignated section 2802(3)(A) of this title by Pub. L. 111–203, title X, §1094(2)(A), July 21, 2010, 124 Stat. 2097 .
2018-Subsec. (i). Pub. L. 115–174, §104(a)(2), added subsec. (i), consisting of pars. (1) to (3), before par. (3) relating to exemption from certain disclosure requirements, which was formerly designated subsec. (i).
Subsec. (i)(3). Pub. L. 115–174, §104(a)(1), (c), redesignated subsec. (i) as par. (3) relating to exemption from certain disclosure requirements, realigned margins, and substituted "2802(3)(A) of this title" for "2802(2)(A) of this title".
Subsec. (o). Pub. L. 115–174, §104(a)(3), added subsec. (o).
Subsec. (m)(2). Pub. L. 111–203, §1094(3)(E), added par. (2) and struck out former par. (2). Prior to amendment, text read as follows: "In complying with paragraph (1), a depository institution shall, in the sole discretion of the institution, provide the person requesting the information with-
1996-Subsec. (m). Pub. L. 104–208 added subsec. (m).
1992-Subsec. (c). Pub. L. 102–550, §932(b), inserted ", other than loan application register information under subsection (j)," after "under this section".
1991-Subsec. (h)(1). Pub. L. 102–242, §212(a)(1)(A), added par. (1) and struck out former par. (1) which read as follows: "the Comptroller of the Currency for national banks;".
1989-Subsec. (a)(1). Pub. L. 101–73, §1211(c)(1), inserted "(or for which the institution received completed applications)" after "originated".
1988-Subsec. (a)(1). Pub. L. 100–242, §570(h), substituted "at least one branch" for "at at least one branch".
1983-Subsecs. (a), (f). Pub. L. 98–181 substituted "primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas" for "standard metropolitan statistical area" wherever appearing.
1980-Subsec. (a)(1). Pub. L. 96–399, §340(a)(1), substituted "Department of Commerce" for "Office of Management and Budget".
Pub. L. 102–550, title IX, §932(c), Oct. 28, 1992, 106 Stat. 3891 , provided that: "The amendments made by subsections (a) and (b) [amending this section] shall apply with respect to information disclosed under section 304 of the Home Mortgage Disclosure Act of 1975 [this section] for any year which ends after the date of the enactment of this Act [Oct. 28, 1992]."
2 So in original. Two pars. (3) have been enacted.