12 U.S.C. § 1863
Permissible bank service company activities for depository institutions
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 1863, Permissible bank service company activities for depository institutions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438089
- Permanent ID
ys:prov:438089@1- SHA-256
2a09edf8c6cf51bee361e3441ca62a6d56ce91a03c9fa4b0171f7d4bffb66268
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Without regard to the provisions of sections 1864 and 1865 of this title, an insured depository institution may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions: check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, or any other clerical, bookkeeping, accounting, statistical, or similar functions performed for a depository institution.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Garn-St. Germain Depository Institutions Act of 1982House: no recorded tallySenate: no recorded tally
- Omnibus Consolidated Appropriations Act, 1997
- Financial Services Regulatory Relief Act of 2006House: 417–0Senate: no recorded tally