Can you summarize 12 USC Chapter 53, Subchapter V?
These legal documents pertain to the establishment, structure, and responsibilities of the Bureau of Consumer Financial Protection (BCFP). The BCFP is responsible for regulating consumer financial products or services under federal consumer financial laws. The Director, appointed by the President with Senate approval, serves as the head of the Bureau. The documents outline the executive and administrative powers of the Bureau, including the authority to establish policies, rules, and contracts, and to implement the federal consumer financial laws through various means.
Can you summarize 15 USC 1172?
This section of the United States Code governs the transportation of gambling devices. It prohibits knowingly transporting any gambling device to any place in a State or a possession of the United States from any place outside of such State or possession. However, there are exceptions to this rule. The section does not apply to transportation of gambling devices to a place in any State or subdivision of a State that has enacted a law providing for exemption from this section.
Can you summarize 15 USC 1173?
This legal document, found in the United States Code under the Commerce and Trade section related to the Transportation of Gambling Devices, governs the registration requirements for manufacturers and dealers of gambling devices. It is unlawful for any person engaged in the business of manufacturing gambling devices to manufacture any such device without registering with the Attorney General, if their business activities affect interstate or foreign commerce. Similarly, it is unlawful for any person to engage in certain activities related to gambling devices without registration, such as repairing, reconditioning, buying, selling, leasing, using, or making them available for use by others.
Can you summarize 15 USC 1174?
Labeling and marking of shipping packages All gambling devices, and all packages containing any such, when shipped or transported shall be plainly and clearly labeled or marked so that the name and address of the shipper and of the consignee, and the nature of the article or the contents of the package may be readily ascertained on an inspection of the outside of the article or package.
Can you summarize 15 USC 1175?
This legal document, 1175 of the United States Code, prohibits the manufacturing, reconditioning, repairing, selling, transporting, possessing, or using of gambling devices within specific jurisdictions. These jurisdictions include the District of Columbia, any possession of the United States, Indian country, and the special maritime and territorial jurisdiction of the United States. The prohibition also applies to vessels documented under chapter 121 of title 46 or under the laws of a foreign country.
Can you summarize 15 USC 1176?
Penalties Whoever violates any of the provisions of sections 1172, 1173, 1174, or 1175 of this title shall be fined not more than $5,000 or imprisoned not more than two years, or both.
Can you summarize 15 USC 1177?
This legal document, governed by the United States Code, specifically the section on Transportation of Gambling Devices, pertains to the confiscation of gambling devices and means of transportation used in violation of the provisions outlined in this chapter. Any person involved in the transportation, delivery, shipping, manufacturing, reconditioning, repairing, selling, disposing, receiving, possessing, or using of gambling devices in violation of this chapter shall have such devices and means of transportation seized and forfeited to the United States.
Can you summarize 15 USC 1178?
This legal document pertains to the transportation of gambling devices. It specifies that the provisions of this chapter do not apply to certain machines and devices. The exemptions include machines or mechanical devices designed for use at racetracks in connection with parimutuel betting, machines or mechanical devices not primarily designed for gambling and do not involve the application of chance to deliver or entitle a person to money or property, and claw, crane, or digger machines designed for use at carnivals or fairs and operated by a crank instead of coins.
Can you summarize 15 USC 1616?
This legal document, 1616 of the United States Code, requires the Board to conduct a review of the consumer credit card market every two years. The review includes examining the terms of credit card agreements, practices of credit card issuers, effectiveness of disclosure of terms and fees, adequacy of protections against unfair or deceptive acts, and the impact of the implementation of this Act on credit availability, safety of credit card issuers, risk-based pricing, and credit card product innovation.
Can you summarize 15 USC 1632?
This legal document, governed by the United States Code, specifically the Consumer Credit Protection Act, addresses the form of disclosure and additional information required in credit transactions. It mandates that information required by this subchapter must be disclosed clearly and conspicuously, with the terms ‘annual percentage rate’ and ‘finance charge’ being more prominently disclosed. The Bureau of Consumer Financial Protection has the authority to regulate the form, order, and terminology used in these disclosures.