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Title 12, Banks and BankingRelease 119-110

§2806 Compliance Improvement Methods

Title 12 › CHAPTER 29 — HOME MORTGAGE DISCLOSURE › § 2806

Last updated Sep 22, 2026|Official source

Summary

The Director of the Consumer Financial Protection Bureau must create or help improve ways to match street addresses to census tracts so banks and similar institutions can meet the law’s rules as cheaply as possible. The Director must work with the Secretary, the Census Director, the Federal Reserve Board, the FDIC, and others. Money may be provided as needed, and the Director can hire or pay people or agencies to help. The Director must also recommend any extra laws needed to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services.

Full Legal Text

Title 12, §2806

Banks and Banking, Source: USLM XML via OLRC

(a)In general
(1)Consultation required
The Director of the Bureau of Consumer Financial Protection, with the assistance of the Secretary, the Director of the Bureau of the Census, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and such other persons as the Bureau deems appropriate, shall develop or assist in the improvement of, methods of matching addresses and census tracts to facilitate compliance by depository institutions in as economical a manner as possible with the requirements of this chapter.
(2)Authorization of appropriations
There are authorized to be appropriated, such sums as may be necessary to carry out this subsection.
(3)Contracting authority
The Director of the Bureau of Consumer Financial Protection is authorized to utilize, contract with, act through, or compensate any person or agency in order to carry out this subsection.
(b)Recommendations to Congress
The Director of the Bureau of Consumer Financial Protection shall recommend to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, such additional legislation as the Director of the Bureau of Consumer Financial Protection deems appropriate to carry out the purpose of this chapter.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 2806, Pub. L. 94–200, title III, § 307, Dec. 31, 1975, 89 Stat. 1127; Pub. L. 100–628, title X, § 1087(c), Nov. 7, 1988, 102 Stat. 3280; Pub. L. 101–73, title VII, § 744(p)(3), Aug. 9, 1989, 103 Stat. 440, which related to research and improved methods; authorization of appropriations; recommendations to congressional committees, was repealed by Pub. L. 111–203, title X, § 1094(6), July 21, 2010, 124 Stat. 2101.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as an

Effective Date

of 2010 Amendment note under section 552a of Title 5, Government Organization and Employees.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2806

Title 12, Banks and Banking

Last Updated

Sep 22, 2026

Release point: 119-110