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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 4311 Credit unions us united_states_code code_section 12 BANKS AND BANKING 44 TRUTH IN SAVINGS 4311 12 U.S.C. § 4311 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/s4311 data/legal/raw/us/code/title-12/usc12.xml 1e8c140189855cbd436920d9a111e2053eb1d1d02737ffb01c94875c18d35e13 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 09ccd44c14458d7f7b9f63d3a1f24a303b4f7fae9e0bd00c460f56a649930f64 2026-07-04 official
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12 U.S.C. § 4311 - Credit unions

Text

(a) In general No regulation prescribed by the Bureau under this chapter shall apply directly with respect to any depository institution described in clause (iv) of section 461(b)(1)(A) of this title.

(b) Regulations prescribed by NCUA Within 90 days of the effective date of any regulation prescribed by the Bureau under this chapter, the National Credit Union Administration Board shall prescribe a regulation substantially similar to the regulation prescribed by the Bureau taking into account the unique nature of credit unions and the limitations under which they may pay dividends on member accounts.

(Pub. L. 102242, title II, § 272, Dec. 19, 1991, 105 Stat. 2342; Pub. L. 102550, title XVI, § 1604(e)(2)(P), (Q), Oct. 28, 1992, 106 Stat. 4084; Pub. L. 111203, title X, § 1100B(1), (3), July 21, 2010, 124 Stat. 2109, 2110.)

Notes

Editorial Notes

Amendments2010—Subsec. (a). Pub. L. 111203, § 1100B(1), substituted “Bureau” for “Board”. Subsec. (b). Pub. L. 111203, § 1100B(3), substituted “regulation prescribed by the Bureau” for “regulation prescribed by the Board” in two places. 1992—Pub. L. 102550 made technical amendment to references to “this chapter” wherever appearing to reflect correction of corresponding provision of original act.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 AmendmentAmendment by Pub. L. 111203 effective on the designated transfer date, see section 1100H of Pub. L. 111203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Effective Date of 1992 AmendmentAmendment by Pub. L. 102550 effective as if included in the Federal Deposit Insurance Corporation Improvement Act of 1991, Pub. L. 102242, as of Dec. 19, 1991, see section 1609(a) of Pub. L. 102550, set out as a note under section 191 of this title.