12 USC § 4301 - Findings and purpose

---
identifier: "/us/usc/t12/s4301"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4301 - Findings and purpose"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4301"
section_name: "Findings and purpose"
chapter_number: 44
chapter_name: "TRUTH IN SAVINGS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 102–242, title II, § 262, Dec. 19, 1991, 105 Stat. 2334.)"
---


# § 4301. Findings and purpose

**(a)** **Findings** The Congress hereby finds that economic stability would be enhanced, competition between depository institutions would be improved, and the ability of the consumer to make informed decisions regarding deposit accounts, and to verify accounts, would be strengthened if there was uniformity in the disclosure of terms and conditions on which interest is paid and fees are assessed in connection with such accounts.

**(b)** **Purpose** It is the purpose of this chapter to require the clear and uniform disclosure of—

so that consumers can make a meaningful comparison between the competing claims of depository institutions with regard to deposit accounts.

**(1)** the rates of interest which are payable on deposit accounts by depository institutions; and

**(2)** the fees that are assessable against deposit accounts,

---

**Source Credit**: (Pub. L. 102–242, title II, § 262, Dec. 19, 1991, 105 Stat. 2334.)

## Statutory Notes and Related Subsidiaries

### Short Title

> “This subtitle [subtitle F (§§ 261–274) of title II of
> 
> , enacting this chapter] may be cited as the ‘Truth in Savings Act’.”

, , , provided that:

### Separability

If any provision of  or any application of any provision thereof to any person or circumstance is held invalid, the remainder of  and the application of any remaining provision of such Act to any other person or circumstance not to be affected by such holding, see , set out as a note under .