12 USC Ch. 44: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 44-TRUTH IN SAVINGS
CHAPTER 44-TRUTH IN SAVINGS
Sec.
4301.
Findings and purpose.
(a)
Findings.
(b)
Purpose.
4302.
Disclosure of interest rates and terms of accounts.
(a)
In general.
(b)
Broadcast and electronic media and outdoor advertising exception.
(c)
Disclosure required for on-premises displays.
(d)
Misleading descriptions of free or no-cost accounts prohibited.
(e)
Misleading or inaccurate advertisements, etc., prohibited.
4303.
Account schedule.
(a)
In general.
(b)
Information on fees and charges.
(c)
Information on interest rates.
(d)
Other information.
(e)
Style and format.
4304.
Disclosure requirements for certain accounts.
4305.
Distribution of schedules.
(a)
In general.
(b)
Distribution in case of certain initial deposits.
(c)
Distribution of notice of certain changes.
(d)
Distribution in case of accounts established by more than 1 individual or by a group.
(e)
Notice to account holders as of effective date of regulations.
4306.
Payment of interest.
(a)
Calculated on full amount of principal.
(b)
No particular method of compounding interest required.
(c)
Date by which interest must accrue.
4307.
Periodic statements.
4308.
Regulations.
(a)
In general.
(b)
Model forms and clauses.
4309.
Administrative enforcement.
(a)
In general.
(b)
Additional enforcement powers.
(c)
Regulations by agencies other than the Board.
4310.
Civil liability.
(a)
Civil liability.
(b)
Class action awards.
(c)
Bona fide errors.
(d)
No liability for overpayment.
(e)
Jurisdiction.
(f)
Reliance on Board rulings.
(g)
Notification of and adjustment for errors.
(h)
Multiple interests in 1 account.
(i)
Continuing failure to disclose.
4311.
Credit unions.
(a)
In general.
(b)
Regulations prescribed by NCUA.
4312.
Effect on State law.
4313.
Definitions.