Ill STAT. 238 PUBLIC LAW 105-24 -^JULY 3, 1997 Public Law 105-24 105th Congress An Act July 3, 1997 To amend Federal law to clarify the applicability of host State laws to any branch [HR 13061 ^^ ^^'^^ State of an out-of-State bank, and for other purposes. Be it enacted by the Senate and House of Representatives of Riegle-Neal the United States of America in Congress assembled, Amendments Act of 1997. SECTION 1. SHORT TITLE. 12 USC 1811 note. This Act may be cited as the "Riegle-Neal Amendments Act of 1997". SEC. 2. INTERSTATE BRANCHING. (a) ACTIVITIES OF BRANCHES OF OUT-OF-STATE BANKS. — Subsection 24(j) of the Federal Deposit Insurance Act (12 U.S.C. 1831a(j)) is amended to read as follows: "(j) ACTIVITIES OF BRANCHES OF OUT-OF-STATE BANKS.— "(1) APPLICATION OF HOST STATE LAW.— The laws of a host State, including laws regarding community reinvestment, consumer protection, fair lending, and establishment of intrastate branches, shall apply to any branch in the host State of an out-of-State State bank to the same extent as such State laws apply to a branch in the host State of an out-of-State national bank. To the extent host State law is inapplicable to a branch of an out-of-State State bank in such host State pursuant to the preceding sentence, home State law shall apply to such branch. "(2) ACTIVITIES OF BRANCHES.— An insured State bank that establishes a branch in a host State may conduct any activity at such branch that is permissible under the laws of the home State of such bank, to the extent such activity is permissible either for a bank chartered by the host State (subject to the restrictions in this section) or for a branch in the host State of an out-of-State national bank. "(3) SAVINGS PROVISION.— No provision of this subsection shall be construed as affecting the applicability of— "(A) any State law of any home State under subsection (b), (c), or (d) of section 44; or "(B) Federal law to State banks and State bank branches in the home State or the host State. "(4) DEFINITIONS. — The terms 'host State', 'home State', and 'out-of-State bank' have the same meanings as in section 44(f).".
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