§ 86a to 89. — Omitted or Repealed.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC86a]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER IV--REGULATION OF THE BANKING BUSINESS; POWERS AND DUTIES OF
NATIONAL BANKS
Sec. 86a. Omitted
Codification
Section, Pub. L. 96-221, title V, Sec. 511, Mar. 31, 1980, 94 Stat.
164; Pub. L. 96-399, title III, Sec. 324(b), (d), Oct. 8, 1980, 94 Stat.
1648, which authorized interest on business or agricultural loans of
$1,000 or more at a rate of not more than 5 per centum in excess of the
discount rate, was omitted pursuant to section 512 of Pub. L. 96-221
which made these provisions applicable only with respect to such loans
made in any State during the period beginning on April 1, 1980, and
ending on the earlier of (1) April 1, 1983, or (2) the date, on or after
April 1, 1980, on which such State adopts a law or certifies that the
voters of such State have voted in favor of any provision,
constitutional or otherwise, which states explicitly that such State
does not want these provisions to apply with respect to loans made in
such State.
A prior section 86a, Pub. L. 96-161, title II, Sec. 205, Dec. 28,
1979, 93 Stat. 1237, similar to this section as enacted by Pub. L. 96-
221, was repealed by section 529 of Pub. L. 96-221, effective at the
close of Mar. 31, 1980, except that its provisions would continue to
apply to any loan made, any deposit made, or any obligation issued in
any State during any period when that section was in effect in such
State. For the effective date provisions relating to the prior section
86a, see section 207 of Pub. L. 96-161.
Another prior section 86a, Pub. L. 96-104, title I, Sec. 105, Nov.
5, 1979, 93 Stat. 791, identical to this section as enacted by Pub. L.
96-161, was repealed by section 212 of Pub. L. 96-161, effective at the
close of Dec. 27, 1979, except that its provisions would continue to
apply to loans made in any State on or after Nov. 5, 1979, but prior to
such repeal.
Section 301 of Pub. L. 96-104, which limited the applicability of
Pub. L. 96-104 to those States having a constitutional provision that
all contracts for a greater rate of interest than 10 per centum per
annum are void as to both principal and interest, was repealed by
section 212 of Pub. L. 96-161, effective at the close of Dec. 27, 1979.
