Depositor Protection and Fraud Act of 1991

Summary

Depositor Protection and Fraud Act of 1991 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from marketing any interests in the institution or its affiliates in any office space which is commonly accessible to the general public for the purpose of accepting deposits. Grants a Federal banking agency regulatory authority to grant exemptions according to prescribed guidelines. Exempts from such guidelines sales transactions by registered brokers and dealers whose sales practice standards are consistent with this Act and are in the public interest. Sets a deadline by which each appropriate Federal banking agency must prescribe implementing regulations.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 February 1991

  Open at official source

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