A bank may act as the agent of any depository institution affiliate in receiving deposits,
renewing time deposits, closing loans, servicing loans, and receiving payments on
loans and other obligations, without being deemed a branch of such affiliate, in accordance
with Section 101(d) of the Reigle-Neal Interstate Banking and Branching Efficiency
Act of 1994. An affiliate for the purposes of this section shall include (i) an affiliate as
defined in Section 2(k) of the Bank Holding Company Act of 1956, as amended (12 U.S.C. § 1841(k)), and (ii) an affiliate as defined in Section 23A(b)(1) of the Federal Reserve Act,
as amended (12 U.S.C. § 371c(b)(1)), but without regard to whether the bank or the affiliate is a member of the Federal
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.