Page:United States Statutes at Large Volume 96 Part 2.djvu/1148

 96 STAT. 2510 '

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Ante, p. 1521.

PUBLIC LAW 97-457—JAN. 12, 1983

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(2) by striking out "purchasing loans on a nonrecourse basis from affiliated banks" in paragraph (6) and inserting in lieu thereof ", subject to the prohibition contained in subsection (a)(3), purchasing loans on a nonrecourse basis from affiliated banks'. SEC. 23. (a) Section 412 of Public Law 97-320 is amended to read as follows: "VISITORIAL POWERS

"SEC. 412. The fifth paragraph of section 5240 of the Revised Statutes (12 U.S.C. 484) is amended to read as follows: " '(A) No national bank shall be subject to any visitorial powers except as authorized by Federal law, vested in the courts of justice or such as shall be, or have been exercised or directed by Congress or by either House thereof or by any committee of Congress or of either House duly authorized. " '(B) Notwithstanding subpargigraph (A), lawfully authorized ^ State auditors and examiners may, at reasonable times and upon reasonable notice to a bank, review its records solely to ensure compliance with applicable State unclaimed property or escheat laws upon reasonable cause to believe that the bank has feiiled to comply with such laws.' ". Effective date. (b) The amendment made by subsection (a) shall be deemed to 12 USC 484 note, have taken effect upon the enactment of Public Law 97-320. Ante. p. 1522. SEC. 24. Section 424(g) of Public Law 97-320 is amended by striking out "688" and inserting in lieu thereof "668". Ante, p. 1529. gEC. 25. Section 107(5)(A)(i) of the Federal Credit Union Act (12 U.S.C. 1757(5)(A)(i)), as amended by section 507 of Public Law 97-320, is amended by striking out Association" and inserting in lieu thereof "Administration". Ante, p. 1530. SEC. 26. Section 107(7) of the Federal Credit Union Act (12 U.S.C. 1757(7)), as amended by section 514 of Public Law 97-320, is amended— (1) by striking out "and" before "(J)"; (2) by striking out "(L)" and inserting in lieu thereof "(K)"; and (3) by striking out "; and" at the end thereof and inserting in lieu thereof a period. Ante. p. 1530. SEC. 27. The next to the last sentence of section 124 of the Federal Credit Union Act (12 U.S.C. 1770), as amended by section 515 of Public Law 97-320, is amended by inserting " o f after "installation". Ante, p. 1532. SEC. 28. Section 113 of the Federal Credit Union Act (12 U.S.C. 1761b), as amended by section 522 of Public Law 97-320, is amended— (1) by striking out "directions" and inserting in lieu thereof "direction"; (2) by striking out "unions" in paragraph (2) and inserting in lieu thereof "union"; '^ (3) by inserting "by" after "interest paid" in paragraph (9); ai and (4) by striking out "meetings" in paragraph (15) and inserting in lieu thereof "meeting". Ante, p. 1535. SEC. 29. Section 202(c) of the Federal Credit Union Act (12 U.S.C. 1782(c)), as amended by section 529 of Public Law 97-320, is

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