A bill to clarify and expand the authority of the Federal Home Loan Bank to regulate conflicts of interest in the operation of insured savings and loan associations, and for other purposes.

Summary

Directs the Federal Home Loan Bank Board, to the extent it deems necessary in the public interest or for the protection of members, investors, or borrowers, or the Federal Savings and Loan Insurance Corporation, to regulate relationships between a member or an affiliated person of such member and another member or an affiliated person or borrower from or investor in another member. Stipulates that this authority shall include the authority to regulate with respect to the providing of appraisal or valuation services or other services. Authorizes the Board: (1) to act through any corporate or other instrumentality of the United States and to utilize services, facilities, and personnel thereof; (2) to make payment therefor; and (3) to impose and collect charges for the provision by the Board of services, facilities, or personnel to any person. Defines terms used in this Act.

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Documents

1 official file

• Introduced in House

  summary · EN · 3 January 1973

  Open at official source

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