12 U.S.C. § 1972
Certain tying arrangements prohibited; correspondent accounts
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 1972, Certain tying arrangements prohibited; correspondent accounts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438114
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Full text
A bank shall not in any manner extend credit, lease or sell property of any kind, or furnish any service, or fix or vary the consideration for any of the foregoing, on the condition or requirement—
Notwithstanding clause (i), any bank which, and any institution-affiliated party (within the meaning of section 1813(u) of this title) with respect to such bank who—
which violation, practice, or breach—
Notwithstanding clauses (i) and (ii), any bank which, and any institution-affiliated party (within the meaning of section 1813(u) of this title) with respect to such bank who—
knowingly—
The maximum daily amount of any civil penalty which may be assessed pursuant to clause (iii) for any violation, practice, or breach described in such clause is—
in the case of a bank, an amount not to exceed the lesser of—
Any penalty imposed under clause (i), (ii), or (iii) may be assessed and collected—
For the purpose of this paragraph—
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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Financial Institutions Regulatory and Interest Rate Control Act of 1978House: no recorded tallySenate: no recorded tally
- Garn-St. Germain Depository Institutions Act of 1982House: no recorded tallySenate: no recorded tally
- Financial Institutions Reform, Recovery, and Enforcement Act of 1989House: no recorded tallySenate: no recorded tally
- Federal Deposit Insurance Corporation Improvement Act of 1991House: no recorded tallySenate: 68–15
- Omnibus Consolidated Appropriations Act, 1997
- Financial Services Regulatory Relief Act of 2006House: 417–0Senate: no recorded tally
- Dodd-Frank Wall Street Reform and Consumer Protection Act