12 USC 4301 - Findings and purpose

U.S Code last checked for updates: Nov 22, 2024

§ 4301.

Findings and purpose

(a)

Findings

(b)

Purpose

It is the purpose of this chapter to require the clear and uniform disclosure of—

(1)

the rates of interest which are payable on deposit accounts by depository institutions; and

(2)

the fees that are assessable against deposit accounts,

so that consumers can make a meaningful comparison between the competing claims of depository institutions with regard to deposit accounts.

(Pub. L. 102–242, title II, § 262, Dec. 19, 1991, 105 Stat. 2334.)

cite as: 12 USC 4301