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The law › Title 12, Banks and Banking › Chapter 2

12 U.S.C. 84: Lending limits

Created in 1958 by Public Law 85-748. Changed by 8 later laws. No bill we track in this Congress changes it.

5 other sections of the Code cite this one, including 12 U.S.C. 345, 12 U.S.C. 371c, 12 U.S.C. 375b, 12 U.S.C. 1464, 12 U.S.C. 1828.

1 part of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2020

    • Pub. L. 116–136, §4011(a)(1), temporarily inserted "any nonbank financial company (as that term is defined in section 5311 of this title)," after "Loans or extensions of credit to" and temporarily substituted "financial institution, or to" for "financial institution or to". (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (c)
    • Pub. L. 116–136, §4011(a)(2), temporarily inserted at end "The Comptroller of the Currency may, by order, exempt any transaction or series of transactions from the requirements of this section upon a finding by the Comptroller that such exemption is in the public interest and consis… (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (d)

    2010

    • Pub. L. 111–203, §610(a)(1), substituted "shall include—" for "shall include all direct or indirect advances of funds to a person made on the basis of any obligation of that person to repay the funds or repayable from specific property pledged by or on behalf of the person and, to t… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (b)
    • Pub. L. 111–203, §610(a)(2), (3), added par. (3). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (b)

    1983

    • Pub. L. 97–457 inserted a comma before "to the extent specified by the Comptroller of the Currency". · (b)

    1982

    • Pub. L. 97–320 amended section generally. Prior to amendment, section read as follows: "The total obligations to any national banking association of any person, copartnership, association, or corporation shall at no time exceed 10 per centum of the amount of the capital stock of such association ac…

    1972

    • Pub. L. 92–318 added par. (14). · (14)

    1967

    • Pub. L. 90–19 substituted "Secretary of Housing and Urban Development" for "Housing and Home Finance Administrator or the Public Housing Administration" and "Secretary" for "Administrator or Administration" wherever appearing, respectively. · (11)

    1962

    • Pub. L. 87–723 inserted "or title V of the Housing Act of 1949" before "shall be subject under this section". · (12)

    1959

    • Pub. L. 86–251, §3(a), substituted "secured by" for "secured upon" and inserted exception with respect to obligations secured by documents transferring or securing title covering refrigerated or frozen readily marketable staples. · (6)
    • Pub. L. 86–251, §3(b), inserted exception with respect to obligations arising out of the discount by dealers in dairy cattle of paper given in payment for dairy cattle. · (7)
    • Pub. L. 86–251, §3(c), struck out "in the form of notes" after "corporation". · (8)
    • Pub. L. 86–251, §3(d), added par. (13). · (13)

    1958

    • Pub. L. 85–748 amended section 15(a) of act July 22, 1937, as added by act Aug. 14, 1946, by inserting sentence amending R.S. §5200 by adding par. (12). · (12)

    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.