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12 U.S.C. § 4742

Definitions

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 4742, Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438844
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Full text

For purposes of this subchapter— the term “appropriate Federal banking agency”— the term “passive real estate ownership” means ownership of real estate for the purpose of deriving income from speculation, trade, or rental, except that such term shall not include— the term “reserve fund” means a fund, established by a participating State, earmarked for a particular participating financial institution, for the purposes of— the term “State” means—

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.

  • Enacted byPub. L. 103-325(H.R. 3474)1994-09-23
    Riegle Community Development and Regulatory Improvement Act of 1994
    House: 410–12Senate: no recorded tally