Study notes. AI-assisted reference for NMLS SAFE exam prep — verify against primary sources (CFR, statute, CFPB) before relying on it. Not legal advice.
Bank Holding Company Act of 1956
federalbankingholding-companydefinition
The Bank Holding Company Act of 1956 is a federal statute that regulates bank holding companies. It defines what constitutes a bank holding company and establishes the framework for their supervision by the Federal Reserve.
Section 1841 et seq. of 12 U.S.C. contains provisions related to the definition of "control" and "affiliate" within the banking industry. This definition of "affiliate" is referenced in other federal regulations, such as Regulation Z, to determine the scope of entities considered together for compliance purposes, including the affiliate definition used in the HPML Escrow Rule exemptions.
Citation: 12 U.S.C. § 1841 et seq.
Source material
- 201603_cfpb_tila hpml escrow_compliance guide
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