Page:United States Statutes at Large Volume 112 Part 1.djvu/933

 PUBLIC LAW 105-216-^ULY 29, 1998 112 STAT. 907 (i) regarding any requirements relating to private mortgage insurance in connection with residential mortgage transactions; (ii) that was enacted not later than 2 years after the date of the enactment of this Act; and (iii) that is the law of a State that had in effect, on or before January 2, 1998, any State law described in clause (i). (b) EFFECT ON OTHER AGREEMENTS. —The provisions of this Act shall supersede any conflicting provision contained in any agreement relating to the servicing of a residential mortgage loan entered into by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or any private investor or note holder (or any successors thereto). SEC. 10. ENFORCEMENT. 12 USC 4909. (a) IN GENERAL.—Compliance with the requirements imposed under this Act shall be enforced under— (1) section 8 of the Federal Deposit Insurance Act— (A) by the appropriate Federal banking agency (as defined in section 3(q) of the Federal Deposit Insurance Act) in the case of insured depository institutions (as defined in section 3(c)(2) of such Act); (B) by the Federal Deposit Insurance Corporation in the case of depository institutions described in clause (i), (ii), or (iii) of section 19(b)(1)(A) of the Federal Reserve Act that are not insured depository institutions (as defined in section 3(c)(2) of the Federal Deposit Insurance Act); and (C) by the Director of the Office of Thrift Supervision in the case of depository institutions described in clause (v) and or (vi) of section 19(b)(1)(A) of the Federal Reserve Act that are not insured depository institutions (as defined in section 3(c)(2) of the Federal Deposit Insurance Act); (2) the Federal Credit Union Act, by the National Credit Union Administration Board in the case of depository institutions described in clause (iv) of section 19(b)(1)(A) of the Federal (3) part C of title V of the Farm Credit Act of 1971 (12 U.S.C. 2261 et seq.), by the Farm Credit Administration in the case of an institution that is a member of the Farm Credit System. (b) ADDITIONAL ENFORCEMENT POWERS.— (1) VIOLATION OF THIS ACT TREATED AS VIOLATION OF OTHER ACTS. —For purposes of the exercise by any agency referred to in subsection (a) of such agenc/s powers under any Act referred to in such subsection, a violation of a requirement imposed under this Act shall be deemed to be a violation of a requirement imposed under that Act. (2) ENFORCEMENT AUTHORITY UNDER OTHER ACTS. —In addition to the powers of any agency referred to in subsection (a) under any provision of law specifically referred to in such subsection, each such agency may exercise, for purposes of enforcing compliance with any requirement imposed under this Act, any other authority conferred on such agency by law.

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