12 CFR 707.9

§ 707.9 Enforcement and record retention.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 707.9, § 707.9 Enforcement and record retention, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48507
Permanent ID: ys:prov:48507@1
SHA-256: 34ddf993b7de0e309d1c9494d067fdf25c6df17429d1136f0620093d63e4351f

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Full text

(a) Administrative enforcement. Section 270 of TISA (12 U.S.C. 4309) contains the provisions relating to administrative sanctions for failure to comply with the requirements of TISA and this part. (b) Civil liability. Section 271 of TISA (12 U.S.C. 4310) contains the provisions relating to civil liability for failure to comply with the requirements of TISA and this part; Section 271 is repealed effective September 30, 2001. (c) Record retention. A credit union shall retain evidence of compliance with this regulation for a minimum of two years after the date disclosures are required to be made or action is required to be taken.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.