Page 631

PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2005

Commission is authorized to prescribe rules under sections 5 and
18(a)(1)(B) of the Federal Trade Commission Act. in accordance
with section 553 of title 5, United States Code, with respect to
a person described in subsection (a).
(e) COORDINATION WITH OFFICE OF SERVICE MEMBER
AFFAIRS.—The Board of Governors and the Federal Trade Commis-
sion shall coordinate with the Office of Service Member Affairs,
to ensure that—
(1) service members and their families are educated and
empowered to make better informed decisions regarding con-
sumer financial products and services offered by motor vehicle
dealers, with a focus on motor vehicle dealers in the proximity
of military installations; and
(2) complaints by service members and their families con-
cerning such motor vehicle dealers are effectively monitored
and responded to, and where appropriate, enforcement action
is pursued by the authorized agencies.
(f) DEFINITIONS.—For purposes of this section, the following
definitions shall apply:
(1) MOTOR VEHICLE.—The term ‘‘motor vehicle’’ means—
(A) any self-propelled vehicle designed for transporting
persons or property on a street, highway, or other road;
(B) recreational boats and marine equipment;
(C) motorcycles;
(D) motor homes, recreational vehicle trailers, and
slide-in campers, as those terms are defined in sections
571.3 and 575.103 (d) of title 49, Code of Federal Regula-
tions, or any successor thereto; and
(E) other vehicles that are titled and sold through
dealers.
(2) MOTOR VEHICLE DEALER.—The term ‘‘motor vehicle
dealer’’ means any person or resident in the United States,
or any territory of the United States, who—
(A) is licensed by a State, a territory of the United
States, or the District of Columbia to engage in the sale
of motor vehicles; and
(B) takes title to, holds an ownership in, or takes
physical custody of motor vehicles.

SEC. 1029A. EFFECTIVE DATE. 12 USC 5511
note.
This subtitle shall become effective on the designated transfer
date, except that sections 1022, 1024, and 1025(e) shall become
effective on the date of enactment of this Act.

Subtitle C—Specific Bureau Authorities

SEC. 1031. PROHIBITING UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR 12 USC 5531.
PRACTICES.
(a) IN GENERAL.—The Bureau may take any action authorized
under subtitle E to prevent a covered person or service provider
from committing or engaging in an unfair, deceptive, or abusive
act or practice under Federal law in connection with any transaction
with a consumer for a consumer financial product or service, or

LAWS the offering of a consumer financial product or service. (b) RULEMAKING.—The Bureau may prescribe rules applicable to a covered person or service provider identifying as unlawfulPUBLIC with on anorris VerDate Nov 24 2008 10:40 Sep 02, 2010 Jkt 089139 PO 00203 Frm 00631 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 APPS06 PsN: PUBL203