Source: https://www.law.cornell.edu/uscode/text/12/2617?qt-us_code_tabs=2
Timestamp: 2016-02-10 18:45:15
Document Index: 750698171

Matched Legal Cases: ['§ 2617', '§ 2617', '§ 2617', 'art 3500', '§\u202f19', '§\u202f10', '§\u202f461', '§\u202f2103', '§\u202f1098', '§\u202f1098', '§\u202f1098', '§\u202f1098', 'art 4', 'art 1024', 'art 1026', 'art 3500', 'art 3800']

12 U.S. Code § 2617 - Authority of Bureau | US Law | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 27 › § 2617 12 U.S. Code § 2617 - Authority of Bureau
Authority of Bureau
(a) Issuance of regulations; exemptions
The Bureau is authorized to prescribe such rules and regulations, to make such interpretations, and to grant such reasonable exemptions for classes of transactions, as may be necessary to achieve the purposes of this chapter.
(b) Liability for acts done in good faith in conformity with rule, regulation, or interpretation
No provision of this chapter or the laws of any State imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or interpretation thereof by the Bureau or the Attorney General, notwithstanding that after such act or omission has occurred, such rule, regulation, or interpretation is amended, rescinded, or determined by judicial or other authority to be invalid for any reason.
(c) Investigations; hearings; failure to obey order; contempt
The Secretary [1] may investigate any facts, conditions, practices, or matters that may be deemed necessary or proper to aid in the enforcement of the provisions of this chapter, in prescribing of rules and regulations thereunder, or in securing information to serve as a basis for recommending further legislation concerning real estate settlement practices. To aid in the investigations, the Bureau is authorized to hold such hearings, administer such oaths, and require by subpena the attendance and testimony of such witnesses and production of such documents as the Bureau deems advisable.
Any district court of the United States within the jurisdiction of which an inquiry is carried on may, in the case of contumacy or refusal to obey a subpena of the Bureau issued under this section, issue an order requiring compliance therewith; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
(d) Delay of effectiveness of recent final regulation relating to payments to employees
(1) In generalThe amendment to part 3500 of title 24 of the Code of Federal Regulations contained in the final regulation prescribed by the Secretary and published in the Federal Register on June 7, 1996, which will, as of the effective date of such amendment—
eliminate the exemption for payments by an employer to employees of such employer for referral activities which is currently codified as section 3500.14(g)(1)(vii) of such title 24; and
replace such exemption with a more limited exemption in new clauses (vii), (viii), and (ix) of section 3500.14 of such title 24,
shall not take effect before July 31, 1997.
(2) Continuation of prior rule
The regulation codified as section 3500.14(g)(1)(vii) of title 24 of the Code of Federal Regulations, relating to employer-employee payments, as in effect on May 1, 1996, shall remain in effect until the date the amendment referred to in paragraph (1) takes effect in accordance with such paragraph.
(3) Public notice of effective date
The Secretary shall provide public notice of the date on which the amendment referred to in paragraph (1) will take effect in accordance with such paragraph not less than 90 days and not more than 180 days before such effective date.
(Pub. L. 93–533, § 19, as added Pub. L. 94–205, § 10, Jan. 2, 1976, 89 Stat. 1159; amended Pub. L. 98–181, title I [title IV, § 461(e)], Nov. 30, 1983, 97 Stat. 1232; Pub. L. 104–208, div. A, title II, § 2103(f), Sept. 30, 1996, 110 Stat. 3009–401; Pub. L. 111–203, title X, § 1098(11), July 21, 2010, 124 Stat. 2104.)
[1]  Probably should be “The Bureau”.
2010—Pub. L. 111–203, § 1098(11)(A), substituted “Bureau” for “Secretary” in section catchline.
Subsec. (a). Pub. L. 111–203, § 1098(11)(B), substituted “Bureau” for “Secretary”.
Subsecs. (b), (c). Pub. L. 111–203, § 1098(11)(C), substituted “the Bureau” for “the Secretary” wherever appearing.
1996—Subsec. (d). Pub. L. 104–208 added subsec. (d).
1983—Subsec. (c). Pub. L. 98–181 added subsec. (c).
Amendment by Pub. L. 98–181 effective Jan. 1, 1984, see section 461(f) of Pub. L. 98–181, set out as a note under section 2602 of this title.
Section effective Jan. 2, 1976, see section 12 of Pub. L. 94–205, set out as an Effective Date of 1976 Amendment note under section 2602 of this title.
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.12 CFR - Banks and Banking12 CFR Part 4 - ORGANIZATION AND FUNCTIONS, AVAILABILITY AND RELEASE OF INFORMATION, CONTRACTING OUTREACH PROGRAM, POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS12 CFR Part 1024 - REAL ESTATE SETTLEMENT PROCEDURES ACT (REGULATION X)12 CFR Part 1026 - TRUTH IN LENDING (REGULATION Z)
24 CFR - Housing and Urban Development24 CFR Part 3500 - REAL ESTATE SETTLEMENT PROCEDURES ACT24 CFR Part 3800 - INVESTIGATIONS IN CONSUMER REGULATORY PROGRAMS