Compliance with 12 U.S.C Clause Samples
The 'Compliance with 12 U.S.C' clause requires parties to adhere to the relevant provisions of Title 12 of the United States Code, which governs national banking and financial regulations. In practice, this means that any actions, transactions, or operations covered by the agreement must conform to federal banking laws, such as those related to consumer protection, lending practices, or financial reporting. This clause ensures that all parties remain in legal compliance with federal banking statutes, thereby reducing the risk of regulatory violations and associated penalties.
Compliance with 12 U.S.C. Section 1828(k). Any payments made to the Employee pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with 12 U.S.C. Section 1828(k) and any regulations promulgated thereunder.