Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
2.0 KiB
Markdown
42 lines
2.0 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 582"
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description: "Receipt of United States or bank notes as collateral"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "5"
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chapter_name: "CRIMES AND OFFENSES"
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section: "582"
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citation: "12 U.S.C. § 582"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s582"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "21c0edaf8823698c5bcea93d7a9add3868546e0902f945a1e86ee3669784edf5"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "994acaddbdec495693aecfa7efa5ac74d65049e8e745803309bb563504169fff"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 582 - Receipt of United States or bank notes as collateral
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## Text
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No national banking association shall hereafter offer or receive United States notes or national-bank notes as security or as collateral security for any loan of money, or for a consideration agree to withhold the same from use, or offer or receive the custody or promise of custody of such notes as security, or as collateral security, or consideration for any loan of money. Any association offending against the provisions of this section shall be deemed guilty of a misdemeanor and shall be fined not more than $1,000 and a further sum equal to one-third of the money so loaned. The officer or officers of any association who shall make any such loan shall be liable for a further sum equal to one-quarter of the money loaned; and any fine or penalty incurred by a violation of this section shall be recoverable for the benefit of the party bringing such suit.
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(R.S. § 5207.)
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## Notes
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Editorial Notes
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Codification R.S. § 5207 derived from act Feb. 19, 1869, ch. 32, 15 Stat. 270.
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