The law › Title 12, Banks and Banking › Chapter 27
12 U.S.C. 2607: Prohibition against kickbacks and unearned fees
Created in 1974 by Public Law 93-533. Changed by 6 later laws. No bill we track in this Congress changes it.
2 parts of federal rules cite it as their authority, written by Consumer Financial Protection Bureau (2).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2010
- Pub. L. 111–203, §1098(6), which directed substituting "Bureau" for "Secretary", was executed by making the substitution for "Secretary" the first time appearing, to reflect the probable intent of Congress. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
- Pub. L. 111–203, §1098(7)(A), inserted "Bureau and" before "Secretary" in heading that had been supplied editorially. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
- Pub. L. 111–203, §1098(7)(B), added par. (4) and struck out former par. (4) which read as follows: "The Secretary, the Attorney General of any State, or the insurance commissioner of any State may bring an action to enjoin violations of this section." (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
1996
- Pub. L. 104–208, §2103(c)(2), substituted "affiliated business arrangements" for "controlled business arrangements". (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
- Pub. L. 104–208, §2103(d), amended subcl. (A) generally. Prior to amendment, subcl. (A) read as follows: "at or prior to the time of the referral a disclosure is made of the existence of such an arrangement to the person being referred and, in connection with the referral, such p… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
- Pub. L. 104–208, §2103(c)(2), substituted "affiliated business arrangements" for "controlled business arrangements". (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (d)
1991
- Pub. L. 102–54 substituted "Secretary of Veterans Affairs" for "Administrator of Veterans' Affairs". · (c)
1988
- Pub. L. 100–242 substituted "clause (4)(B)" for "clause 4(B)". · (c)
1983
- Pub. L. 98–181, §461(b), redesignated cl. (4) as (5), added cl. (4) and provisions following cl. (5), as so redesignated, relating to arrangements which shall not be considered a violation of cl. (4)(B). · (c)
- Pub. L. 98–181, §461(c), substituted provisions setting forth the liability of persons violating the prohibitions or limitations of this section for provisions setting forth liability, in addition to penalties provided in par. (1), of persons violating subsecs. (a) and (b) of this s… · (d)
- Pub. L. 98–181, §461(c), added pars. (3) to (6). · (d)
1976
- Pub. L. 94–205 added cls. (3) and (4). · (c)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.