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Can you summarize UTAC R333-13-3?
Rule Designating Applicable Federal Law for Banks Subject to the Jurisdiction of the Department of Financial Institutions > Applicable Federal Law.
Short Summary
This document outlines the federal laws that are applicable to banks subject to the jurisdiction of the Department of Financial Institutions in Utah. The laws include the Truth in Lending Act, Equal Credit Opportunity Act, Truth in Savings Act, Bank Secrecy Act, Federal Deposit Insurance Corporation Improvement Act, Federal Reserve Act, Real Estate Settlement Procedures Act, Fair Credit Reporting Act, Expedited Funds Availability Act, Electronic Fund Transfers Act, and Community Reinvestment Act. These laws and their implementing federal regulations govern various aspects of banking operations, such as lending practices, credit reporting, fund availability, real estate lending standards, and safety and soundness standards. The document does not mention any exemptions or penalties for non-compliance or violation of these laws.
Whom does it apply to?
Banks subject to the jurisdiction of the Department of Financial Institutions in Utah.
What does it govern?
The federal laws applicable to banks subject to the jurisdiction of the Department of Financial Institutions in Utah.
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance or violation of the federal laws are not specified in the provided document.
Jurisdiction
Utah