U.S. Code » Title 12 » Chapter CHAPTER 44— TRUTH IN SAVINGS

12 U.S.C. § 4301

Findings and purpose

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(a) Findings

The Congress hereby finds that economic stability would be enhanced, competition between depository institutions would be improved, and the ability of the consumer to make informed decisions regarding deposit accounts, and to verify accounts, would be strengthened if there was uniformity in the disclosure of terms and conditions on which interest is paid and fees are assessed in connection with such accounts.

(b) PurposeIt is the purpose of this chapter to require the clear and uniform disclosure of—(1) the rates of interest which are payable on deposit accounts by depository institutions; and(2) the fees that are assessable against deposit accounts,so that consumers can make a meaningful comparison between the competing claims of depository institutions with regard to deposit accounts.(Pub. L. 102–242, title II, § 262, Dec. 19, 1991, 105 Stat. 2334.)Statutory Notes and Related SubsidiariesShort Title

Pub. L. 102–242, title II, § 261, Dec. 19, 1991, 105 Stat. 2334, provided that: “This subtitle [subtitle F (§§ 261–274) of title II of Pub. L. 102–242, enacting this chapter] may be cited as the ‘Truth in Savings Act’.”

Separability

If any provision of Pub. L. 102–242 or any application of any provision thereof to any person or circumstance is held invalid, the remainder of Pub. L. 102–242 and the application of any remaining provision of such Act to any other person or circumstance not to be affected by such holding, see section 481 of Pub. L. 102–242, set out as a note under section 1811 of this title.

Notes of Decisions
Cited in 27 cases (11 in the last 5 years), 1994–2025 · leading case: Martin Schnall, Individually & on Behalf of All Others Similarly Situated v. Amboy Nat'l Bank, 279 F.3d 205 (3rd Cir. 2002).
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Martin Schnall, Individually & on Behalf of All Others Similarly Situated v. Amboy Nat'l Bank, 279 F.3d 205 (3rd Cir. 2002). · cites it 4× “” 12 U.S.C. § 4301 . We disagree with the District Court’s interpretation of “to the extent applicable” as an invitation to courts to disregard the mandate of the regulations if doing so makes sense as a matter of policy.”
Barnes v. Fleet Nat'l Bank, N.A., 370 F.3d 164 (1st Cir. 2004). · cites it 2× “” 12 U.S.C. § 4301 (b). Pursuant to 12 U.S.”
Smith v. Wells Fargo Bank, N.A., 38 Cal. Rptr. 3d 653 (Cal. Ct. App. 2006). “(2005); all further citations to the Code of Federal Regulations are to the 2005 edition) to implement the disclosure requirements for national banking associations set forth in the Truth in Savings Act ( 12 U.S.C. § 4301 et seq.) (TISA). 8 Regulation DD generally provides:…”
In Re Pharm. Indus. Average Wholesale Price Litig., 491 F. Supp. 2d 20 (D. Mass. 2007). “” 12 U.S.C. § 4301 . Similarly, the purpose of the FDCPA is “to promote consistent State action to protect consumers against debt collection abuses.”
Rose v. Bank of Am., 304 P.3d 181 (Cal. 2013). “DISCUSSION The federal Truth in Savings Act (TISA; 12 U.S.C. § 4301 et seq.) regulates banks’ disclosures to customers.”
Herrington v. Union Planters Bank, N.A., 113 F. Supp. 2d 1026 (S.D. Miss. 2000). · cites it 2× “) Thereafter, the plaintiffs brought suit under the Truth In Savings Act [TISA], 12 U.S.C. § 4301 , et seq., on behalf of a purported class essentially claiming that Union Planters failed to disclose its policy of posting debits to the plaintiffs’ deposit accounts which…”
Hale v. Citibank, N.A., 198 F.R.D. 606 (S.D.N.Y. 2001). · cites it 2× “Plaintiff Andrea Hale alleges that she is entitled to damages because the advertisements and promotional materials in response to which she opened a Citibank AutoSave account in 1999 failed to comply with the requirements of the Truth in Savings Act (“TISA”), 12 U.S.C. § 4301 et…”
Hirschbach v. NVE BANK, 496 F. Supp. 2d 451 (D.N.J. 2007). “The Amended Complaint, filed on January 14, 2007, added a second count purporting to assert a claim for violation of the Truth In Savings Act, 12 U.S.C. § 4301 , et seq. (2006) (“TISA”).”
McDermott v. Marcus, Errico, Emmer & Brooks, P.C., 911 F. Supp. 2d 1 (D. Mass. 2012). “12 U.S.C. §§ 4301 etseq. . 15 U.S.C. §§ 1601 etseq.”
Schlessinger v. Valspar Corp., 817 F. Supp. 2d 100 (E.D.N.Y 2011). “2010) (holding that reading provisions of the Truth in Savings Act, 12 U.S.C. § 4301 et seq., into a contract would “impermissibly undermine Congress’s expressed intent that [the statute] be enforced by a regulatory agency and not private citizens”).”
Gunther v. Capital One, N.A., 703 F. Supp. 2d 264 (E.D.N.Y 2010). “Gunther does not allege that the Account Agreement explicitly requires this, but rather asserts that it incorporates the Truth in Savings Act, 12 U.S.C. § 4301 et seq. (“TISA”), a statute that requires all consumer banks to provide thirty days’ mailed notice to customers before…”
In Re Washington Mut. Overdraft Prot. Litig., 539 F. Supp. 2d 1136 (C.D. Cal. 2008). “Part 230, which implements the Truth in Savings Act (“TISA”), 12 U.S.C. § 4301 et seq., the statute that governs disclosures relating to deposit accounts.”
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