12 USC 4313 - Definitions

U.S Code last checked for updates: Nov 26, 2024

§ 4313.

Definitions

For the purposes of this chapter—

(1)

Account

(2)

Annual percentage yield

(3)

Annual rate of simple interest

The term “annual rate of simple interest”—

(A)

means the annualized rate of interest paid with respect to each compounding period, expressed as a percentage; and

(B)

may be referred to as the “annual percentage rate”.

(4)

Bureau

(5)

Deposit broker

The term “deposit broker”—

(A)

has the meaning given to such term in section 1831f(f)(1) 1

 See References in Text note below.

of this title; and

(B)

includes any person who solicits any amount from any other person for deposit in an insured depository institution.

(6)

Depository institution

(7)

Interest

(8)

Multiple rate account

(Pub. L. 102–242, title II, § 274, Dec. 19, 1991, 105 Stat. 2342; Pub. L. 102–550, title XVI, § 1604(e)(2)(S), Oct. 28, 1992, 106 Stat. 4084; Pub. L. 103–325, title III, § 332, Sept. 23, 1994, 108 Stat. 2232; Pub. L. 104–208, div. A, title II, § 2604(c), Sept. 30, 1996, 110 Stat. 3009–471; Pub. L. 111–203, title X, § 1100B(1), (4), July 21, 2010, 124 Stat. 2109, 2110.)

cite as: 12 USC 4313