12 USC § 1958 - Compliance

---
identifier: "/us/usc/t12/s1958"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 1958 - Compliance"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "1958"
section_name: "Compliance"
chapter_number: 21
chapter_name: "FINANCIAL RECORDKEEPING"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 91–508, title I, § 128, Oct. 26, 1970, 84 Stat. 1118; Pub. L. 113–156, § 2(b), Aug. 8, 2014, 128 Stat. 1829.)"
---


# § 1958. Compliance

section 1829b of this titlesection 1829b of this titlesection 1829b of this titlesection 1829b of this titlesection 1829b of this title

The Secretary shall have the responsibility to assure compliance with the requirements of this chapter and  and may delegate such responsibility to the appropriate bank supervisory agency, or other supervisory agency. The Secretary may rely on examinations conducted by a State supervisory agency of a category of financial institution, if the Secretary determines that the category of financial institution is required to comply with this chapter and  (and regulations prescribed under this chapter and ), or the State supervisory agency examines the category of financial institution for compliance with this chapter and  (and regulations prescribed under this chapter and ).

---

**Source Credit**: (Pub. L. 91–508, title I, § 128, Oct. 26, 1970, 84 Stat. 1118; Pub. L. 113–156, § 2(b), Aug. 8, 2014, 128 Stat. 1829.)

## Editorial Notes

### Amendments

2014— substituted “requirements of this chapter and ” for “requirements of this chapter and sections 1730d and 1829b of this title” and inserted at end “The Secretary may rely on examinations conducted by a State supervisory agency of a category of financial institution, if the Secretary determines that the category of financial institution is required to comply with this chapter and  (and regulations prescribed under this chapter and ), or the State supervisory agency examines the category of financial institution for compliance with this chapter and  (and regulations prescribed under this chapter and ).”

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective on first day of seventh calendar month which begins after , except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such regulations in the Federal Register and not later than first day of thirteenth calendar month which begins after , see section 401(a), (b) of , set out as a note under .

### Consultation With State Agencies

> “In issuing rules to carry out
> 
> , United States Code, and
> 
> (
> 
> ), the Secretary of the Treasury shall consult with State supervisory agencies.”

, , , provided that: