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Public Law 111-203 including PTFA amendments

Page 706

Public Law 111-203 including PTFA amendments · 2026-09-26 edition · updated 2026-09-27 · California

124 STAT. 2080 PUBLIC LAW 111–203—JULY 21, 2010

Subtitle H—Conforming Amendments

5 USC app. 8G SEC. 1081. AMENDMENTS TO THE INSPECTOR GENERAL ACT.
note.
Effective date. Effective on the date of enactment of this Act, the Inspector
5 USC app. 8G. General Act of 1978 (5 U.S.C. App. 3) is amended—
(1) in section 8G(a)(2), by inserting ‘‘and the Bureau of
Consumer Financial Protection’’ after ‘‘Board of Governors of
the Federal Reserve System’’;
Appointment. (2) in section 8G(c), by adding at the end the following:
‘‘For purposes of implementing this section, the Chairman of
the Board of Governors of the Federal Reserve System shall
appoint the Inspector General of the Board of Governors of
the Federal Reserve System and the Bureau of Consumer
Financial Protection. The Inspector General of the Board of
Governors of the Federal Reserve System and the Bureau of
Consumer Financial Protection shall have all of the authorities
and responsibilities provided by this Act with respect to the
Bureau of Consumer Financial Protection, as if the Bureau
were part of the Board of Governors of the Federal Reserve
System.’’; and
(3) in section 8G(g)(3), by inserting ‘‘and the Bureau of
Consumer Financial Protection’’ after ‘‘Board of Governors of
the Federal Reserve System’’ the first place that term appears.

5 USC 552a note. SEC. 1082. AMENDMENTS TO THE PRIVACY ACT OF 1974.
Effective date. Effective on the date of enactment of this Act, section 552a
of title 5, United States Code, is amended by adding at the end
the following:
‘‘(w) APPLICABILITY TO BUREAU OF CONSUMER FINANCIAL
PROTECTION.—Except as provided in the Consumer Financial
Protection Act of 2010, this section shall apply with respect to
the Bureau of Consumer Financial Protection.’’.

SEC. 1083. AMENDMENTS TO THE ALTERNATIVE MORTGAGE TRANS-
ACTION PARITY ACT OF 1982.
(a) IN GENERAL.—The Alternative Mortgage Transaction Parity
Act of 1982 (12 U.S.C. 3801 et seq.) is amended—
(1) in section 803 (12 U.S.C. 3802(1)), by striking ‘‘1974’’
and all that follows through ‘‘described and defined’’ and
inserting the following: ‘‘1974), in which the interest rate or
finance charge may be adjusted or renegotiated, described and
defined’’; and
(2) in section 804 (12 U.S.C. 3803)—
(A) in subsection (a)—
(i) in each of paragraphs (1), (2), and (3), by
inserting after ‘‘transactions made’’ each place that
term appears ‘‘on or before the designated transfer
date, as determined under section 1062 of the Con-
sumer Financial Protection Act of 2010,’’;
(ii) in paragraph (2), by striking ‘‘and’’ at the end;
(iii) in paragraph (3), by striking the period at
the end and inserting ‘‘; and’’; and
(iv) by adding at the end the following new para-
graph:

LAWS ‘‘(4) with respect to transactions made after the designated transfer date, only in accordance with regulations governing alternative mortgage transactions, as issued by the BureauPUBLIC with on anorris VerDate Nov 24 2008 18:46 Sep 08, 2010 Jkt 089139 PO 00203 Frm 00706 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203

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