Source: https://codes.findlaw.com/us/title-18-crimes-and-criminal-procedure/18-usc-sect-212.html
Timestamp: 2019-11-19 08:27:51
Document Index: 120101805

Matched Legal Cases: ['§ 212', '§ 212', '§ 212', '§ 212', '§ 212', '§ 212']

18 U.S.C. § 212 - U.S. Code Title 18. Crimes and Criminal Procedure § 212 | FindLaw
18 U.S.C. § 212 - U.S. Code - Unannotated Title 18. Crimes and Criminal Procedure § 212. Offer of loan or gratuity to financial institution examiner
(a) In general. --Except as provided in subsection (b), whoever, being an officer, director, or employee of a financial institution, makes or grants any loan or gratuity, to any examiner or assistant examiner who examines or has authority to examine such bank, branch, agency, organization, corporation, association, or institution--
(b) Regulations. --A Federal financial institution regulatory agency may prescribe regulations establishing additional limitations on the application for and receipt of credit under this section and on the application and receipt of residential mortgage loans under this section, after consulting with each other Federal financial institution regulatory agency.
(c) Definitions. --In this section:
(1) Examiner. --The term “examiner” means any person--
(2) Federal financial institution regulatory agency. --The term “Federal financial institution regulatory agency” means--
(3) Financial institution. --The term “financial institution” does not include a credit union, a Federal Reserve Bank, a Federal home loan bank, or a depository institution holding company.
(4) Loan. --The term “loan” does not include any credit card account established under an open end consumer credit plan or a loan secured by residential real property that is the principal residence of the examiner, if--
(B) the terms and conditions applicable with respect to such account or residential real property loan, and any credit extended to the examiner under such account or residential real property loan, are no more favorable generally to the examiner than the terms and conditions that are generally applicable to credit card accounts or residential real property loans offered by the same financial institution to other borrowers cardholders 1 in comparable circumstances under open end consumer credit plans or for residential real property loans; and
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