<section xmlns="http://xml.house.gov/schemas/uslm/1.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dcterms="http://purl.org/dc/terms/" style="-uslm-lc:I80" id="idcf7b19b2-b211-11e9-9e08-c54bc916790e" identifier="/us/usc/t12/s1958"><num value="1958">§ 1958.</num><heading> Compliance</heading><content>
<p style="-uslm-lc:I11" class="indent0">The Secretary shall have the responsibility to assure compliance with the requirements of this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref> and may delegate such responsibility to the appropriate bank supervisory agency, or other supervisory agency. The Secretary may rely on examinations conducted by a State supervisory agency of a category of financial institution, if the Secretary determines that the category of financial institution is required to comply with this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref> (and regulations prescribed under this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref>), or the State supervisory agency examines the category of financial institution for compliance with this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref> (and regulations prescribed under this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref>).</p>
</content><sourceCredit id="idcf7b19b3-b211-11e9-9e08-c54bc916790e">(<ref href="/us/pl/91/508/tI/s128">Pub. L. 91–508, title I, § 128</ref>, <date date="1970-10-26">Oct. 26, 1970</date>, <ref href="/us/stat/84/1118">84 Stat. 1118</ref>; <ref href="/us/pl/113/156/s2/b">Pub. L. 113–156, § 2(b)</ref>, <date date="2014-08-08">Aug. 8, 2014</date>, <ref href="/us/stat/128/1829">128 Stat. 1829</ref>.)</sourceCredit>
<notes type="uscNote" id="idcf7b19b4-b211-11e9-9e08-c54bc916790e">
<note style="-uslm-lc:I74" topic="amendments" id="idcf7b19b5-b211-11e9-9e08-c54bc916790e"><heading class="centered smallCaps">Amendments</heading><p style="-uslm-lc:I21" class="indent0">2014—<ref href="/us/pl/113/156">Pub. L. 113–156</ref> substituted “requirements of this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref>” for “requirements of this chapter and sections 1730d and 1829b of this title” and inserted at end “The Secretary may rely on examinations conducted by a State supervisory agency of a category of financial institution, if the Secretary determines that the category of financial institution is required to comply with this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref> (and regulations prescribed under this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref>), or the State supervisory agency examines the category of financial institution for compliance with this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref> (and regulations prescribed under this chapter and <ref href="/us/usc/t12/s1829b">section 1829b of this title</ref>).”</p>
</note>
<note style="-uslm-lc:I74" topic="effectiveDate" id="idcf7b19b6-b211-11e9-9e08-c54bc916790e"><heading class="centered smallCaps">Effective Date</heading><p style="-uslm-lc:I21" class="indent0">Section effective on first day of seventh calendar month which begins after <date date="1970-10-26">Oct. 26, 1970</date>, except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such regulations in the Federal Register and not later than first day of thirteenth calendar month which begins after <date date="1970-10-26">Oct. 26, 1970</date>, see section 401(a), (b) of <ref href="/us/pl/91/508">Pub. L. 91–508</ref>, set out as a note under <ref href="/us/usc/t12/s1951">section 1951 of this title</ref>.</p>
</note>
<note style="-uslm-lc:I74" topic="miscellaneous" id="idcf7b19b7-b211-11e9-9e08-c54bc916790e"><heading class="centered smallCaps">Consultation With State Agencies</heading><p><ref href="/us/pl/113/156/s2/c">Pub. L. 113–156, § 2(c)</ref>, <date date="2014-08-08">Aug. 8, 2014</date>, <ref href="/us/stat/128/1830">128 Stat. 1830</ref>, provided that: <quotedContent origin="/us/pl/113/156/s2/c">“In issuing rules to carry out <ref href="/us/usc/t31/s5318/a/6">section 5318(a)(6) of title 31</ref>, United States Code, and <ref href="/us/pl/91/508/s128">section 128 of Public Law 91–508</ref> (<ref href="/us/usc/t12/s1958">12 U.S.C. 1958</ref>), the Secretary of the Treasury shall consult with State supervisory agencies.”</quotedContent>
</p>
</note>
</notes>
</section>