U.S Code last checked for updates: May 05, 2024
All TitlesTitle 12Chapter 53Subchapter VPart F
§ 5583.
Savings provisions
(a)
Board of Governors
(1)
Existing rights, duties, and obligations not affected
(A)
arises under any provision of law relating to any consumer financial protection function of the Board of Governors transferred to the Bureau by this title; 1
1
 See References in Text note below.
and
(B)
existed on the day before the designated transfer date.
(2)
Continuation of suits
(b)
Federal Deposit Insurance Corporation
(1)
Existing rights, duties, and obligations not affected
(A)
arises under any provision of law relating to any consumer financial protection function of the Federal Deposit Insurance Corporation transferred to the Bureau by this title; 1 and
(B)
existed on the day before the designated transfer date.
(2)
Continuation of suits
(c)
Federal Trade Commission
(1)
arises under any provision of law relating to any consumer financial protection function of the Federal Trade Commission transferred to the Bureau by this title; 1 and
(2)
existed on the day before the designated transfer date.
(d)
National Credit Union Administration
(1)
Existing rights, duties, and obligations not affected
(A)
arises under any provision of law relating to any consumer financial protection function of the National Credit Union Administration transferred to the Bureau by this title; 1 and
(B)
existed on the day before the designated transfer date.
(2)
Continuation of suits
(e)
Office of the Comptroller of the Currency
(1)
Existing rights, duties, and obligations not affected
(A)
arises under any provision of law relating to any consumer financial protection function of the Comptroller of the Currency transferred to the Bureau by this title; 1 and
(B)
existed on the day before the designated transfer date.
(2)
Continuation of suits
(f)
Office of Thrift Supervision
(1)
Existing rights, duties, and obligations not affected
(A)
arises under any provision of law relating to any consumer financial protection function of the Director of the Office of Thrift Supervision transferred to the Bureau by this title; 1 and
(B)
that 2
2
 So in original. The word “that” probably should not appear.
existed on the day before the designated transfer date.
(2)
Continuation of suits
(g)
Department of Housing and Urban Development
(1)
Existing rights, duties, and obligations not affected
(A)
arises under any provision of law relating to any function of the Secretary of the Department of Housing and Urban Development with respect to the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2601 et seq.), the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 [12 U.S.C. 5101 et seq.], or the Interstate Land Sales Full Disclosure Act (15 U.S.C. 1701 et seq) 3
3
 So in original. Probably should be a period after “seq”.
transferred to the Bureau by this title; 1 and
(B)
existed on the day before the designated transfer date.
(2)
Continuation of suits
(h)
Continuation of existing orders, rulings, determinations, agreements, and resolutions
(1)
In general
(2)
Exception for orders applicable to persons described in section 5515(a) of this title
(i)
Identification of rules and orders continued
Not later than the designated transfer date, the Bureau—
(1)
shall, after consultation with the head of each transferor agency, identify the rules and orders that will be enforced by the Bureau; and
(2)
shall publish a list of such rules and orders in the Federal Register.
(j)
Status of rules proposed or not yet effective
(1)
Proposed rules
(2)
Rules not yet effective
(Pub. L. 111–203, title X, § 1063, July 21, 2010, 124 Stat. 2040.)
cite as: 12 USC 5583
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