Title 12, Banks and BankingRelease 119-102
§5324 Registration of Nonbank Financial Companies Supervised by the Board of Governors
Title 12 › CHAPTER 53 — WALL STREET REFORM AND CONSUMER PROTECTION › SUBCHAPTER I — FINANCIAL STABILITY › Part A — Financial Stability Oversight Council › § 5324
Summary
If the Council makes a final decision that a nonbank financial company must be supervised by the Board of Governors, that company must register with the Board within 180 days of that decision. The company must use the Board’s forms, which will ask for whatever information the Board, after talking with the Council, needs to carry out this part of the law.
Full Legal Text
Title 12, §5324
Banks and Banking, Source: USLM XML via OLRC
Not later than 180 days after the date of a final Council determination under section 5323 of this title that a nonbank financial company is to be supervised by the Board of Governors, such company shall register with the Board of Governors, on forms prescribed by the Board of Governors, which shall include such information as the Board of Governors, in consultation with the Council, may deem necessary or appropriate to carry out this subchapter.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This subchapter, referred to in text, was in the original “this title”, meaning title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, which is classified principally to this subchapter. For complete classification of title I to the Code, see
Short Title
note set out under section 5301 of this title and Tables.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5324
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102