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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 86a Omitted us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 86a 12 U.S.C. § 86a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s86a data/legal/raw/us/code/title-12/usc12.xml d960e0ff828d68a0ac3caa95bc031625c8874f45415647cae63bb261fdea590a e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa a55bedb7323029f8c333c0374f0e28763380b5682ec348418a224abc0f19e10e 2026-07-04 official
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12 U.S.C. § 86a - Omitted

Notes

Editorial Notes

Codification Section, Pub. L. 96221, title V, § 511, Mar. 31, 1980, 94 Stat. 164; Pub. L. 96399, title III, § 324(b), (d), Oct. 8, 1980, 94 Stat. 1648, which authorized interest on business or agricultural loans of $1,000 or more at a rate of not more than 5 per centum in excess of the discount rate, was omitted pursuant to section 512 of Pub. L. 96221 which made these provisions applicable only with respect to such loans made in any State during the period beginning on April 1, 1980, and ending on the earlier of (1) April 1, 1983, or (2) the date, on or after April 1, 1980, on which such State adopts a law or certifies that the voters of such State have voted in favor of any provision, constitutional or otherwise, which states explicitly that such State does not want these provisions to apply with respect to loans made in such State. A prior section 86a, Pub. L. 96161, title II, § 205, Dec. 28, 1979, 93 Stat. 1237, similar to this section as enacted by Pub. L. 96221, was repealed by section 529 of Pub. L. 96221, effective at the close of Mar. 31, 1980, except that its provisions would continue to apply to any loan made, any deposit made, or any obligation issued in any State during any period when that section was in effect in such State. For the effective date provisions relating to the prior section 86a, see section 207 of Pub. L. 96161. Another prior section 86a, Pub. L. 96104, title I, § 105, Nov. 5, 1979, 93 Stat. 791, identical to this section as enacted by Pub. L. 96161, was repealed by section 212 of Pub. L. 96161, effective at the close of Dec. 27, 1979, except that its provisions would continue to apply to loans made in any State on or after Nov. 5, 1979, but prior to such repeal. Section 301 of Pub. L. 96104, which limited the applicability of Pub. L. 96104 to those States having a constitutional provision that all contracts for a greater rate of interest than 10 per centum per annum are void as to both principal and interest, was repealed by section 212 of Pub. L. 96161, effective at the close of Dec. 27, 1979.