Title 12, Banks and BankingRelease 119-102
§1954 Injunctions
Title 12 › CHAPTER 21 — FINANCIAL RECORDKEEPING › § 1954
Summary
When the Secretary thinks someone has broken, is breaking, or will break rules under this chapter, the Secretary may ask a federal court to stop those actions. If shown, the court must issue temporary or permanent orders without a bond and may require people to follow the rules.
Full Legal Text
Title 12, §1954
Banks and Banking, Source: USLM XML via OLRC
Whenever it appears to the Secretary that any person has engaged, is engaged, or is about to engage in any acts or practices constituting a violation of any regulation under this chapter, he may in his discretion bring an action, in the proper district court of the United States or the proper United States court of any territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices, and upon a proper showing a permanent or temporary injunction or restraining order shall be granted without bond. Upon application of the Secretary, any such court may also issue mandatory injunctions commanding any person to comply with any regulation of the Secretary under this chapter.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective on first day of seventh calendar month which begins after Oct. 26, 1970, except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such
Regulations
in the Federal Register and not later than first day of thirteenth calendar month which begins after Oct. 26, 1970, see section 401(a), (b) of Pub. L. 91–508, set out as a note under section 1951 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1954
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102