Competitive equity in the financial services industry: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-eighth Congress, first session, on S. 2181 ... S. 2134, Part 3

U.S. Government Printing Office, 1984

SHORT TITLE OF ACT 4 SECTION 1 This Act may be cited as the Financial	4

Services Competitive Equity Act TABLE OF CONTENTS Section 1 Short title of Act TITLE IFINANCIAL INSTITUTIONS COMPETITIVE EQUIT...	5

Amendments to the Securities Exchange	6

Amendments to the Bank Holding Company	7

Amendment to the Federal Reserve	28

Amendments to the Investiment Company Act of 1940	36

Amendments to the Home Owners Loan Act of 1933	50

Bank Service Corporation	52

122 Civil liability	122

123 Defenses	123

124 Liability of assignees	124

125 Criminal liability CHAPTER 4MISCELLANEOUS Sec	125

S 2134	128

131 Relation to State laws	131

132 Effect on governmental agencies	132

133 Reports by Board and Attorney General	133

TITLE IICREDIT UNION AMENDMENTS Sec 201 Second mortgage loans Sec 202 Membership shares	59

Faithful performance	60

Membership officer Sec 205 Powers of the board of directors	61

Nonparticipation in the credit union Sec 207 Change in insurance status	62

TITLE IIIBANKERS BANKS Sec 301 Amendment to section 5136 of the Revised Statutes	63

Amendment to section 5169 of the Revised Statutes Sec 303 Amendments to the Depository Institution Management Interlocks Act Sec 304 Amend...	65

TITLE IVCOMPETITIVE SAVINGS INCENTIVE Sec 401 Short title Sec 402 Money market deposit accounts	67

TITLE VCONSUMER LEASES AND RENTALPURCHASE AGREEMENTS Sec 501 Short title Sec 502 Amendment to the Consumer Credit Protect...	68

Conforming amendments	92

101 Short title 102 Findings and declaration of purpose	102

103 Definitions and rules of construction	103

104 Exempted transactions	104

105 Regulations CHAPTER 2CONSUMER LEASES AND RENTALPURCHASE AGREEMENTS	105

Sec	106

111 General requirements of disclosure	111

112 Consumer lease disclosures	112

113 Consumers liability at early termination or at the end of the lease term	113

114 Rentalpurchase disclosures	114

115 Renegotiations and extensions	115

116 Consumer lease advertising	116

117 Rentalpurchase advertising CHAPTER 3ENFORCEMENT AND LIABILITY	117

Sec	118

121 Administrative enforcement	121

134 Effective date	134

David F Woods CLU Springfield Mass trustee National Association of Life	187

Federal Trade Commission decision in the matter	324

Ken Osborne member Federal affairs committee Independent Insurance	336

Harry F Custis CLU CPCU member legislative committee chairman pro	358

J Knox Hillman Jr chairman Government affairs committee Professional	369

Risks for banks in insurance field	528

Massachusetts Mutual Life Insurance Co Connecticut Mutual Life Insurance	534

Mortgage Insurance Companies of America comments on S 2181 and S 2134	555

InsuranceFinancial Affiliates of America Inc comments on S 2181 from	566

Norwest Corp statement concerning reinsurance activities of bank holding	576

Zahner Co testimony by Victor H Zahner submitted for the record	601

Consumer Credit Insurance Association letter to William W Wiles Secre	611

PART III	617

The pending legislation	629

Conclusion	636

SIA statement of principles regarding separate securi	656

Research memorandum concerning tieins of bank credit	662

David Silver president Investment Company Institute	670

Treadwell Real Estate Southgate Mich	794

U S GOVERNMENT PRINTING OFFICE	1062

TITLE XCONSUMER LEASE AND RENTAL 2 PURCHASE ACT 3 CHAPTER 1GENERAL PROVISIONS 4 101 Short title 5 This title may be cite...	1572

SITY OF GALICIA

Title	Competitive equity in the financial services industry: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-eighth Congress, first session, on S. 2181 ... S. 2134, Part 3 Competitive equity in the financial services industry: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-eighth Congress, first session, on S. 2181 ... S. 2134, United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Author	United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher	U.S. Government Printing Office, 1984
Original from	the University of California
Digitized	2 May 2011

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