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FDIC Law, Regulations, Related Acts

[Main Tabs]     [Table of Contents - 6500]     [Index]     [Previous Page]     [Next Page]     [Search] 6500 - Consumer Protection TITLE V—GENERAL PROVISIONS     Sec.     501.    Severability.     502.    Captions and catchlines for reference only.     503.    Grammatical usages.     504.    Effective dates. {{4-30-04 p.6600}} § 501.  Severability   If a provision enacted by this Act is held invalid, all valid provisions that are severable from the invalid provision remain in effect. If a provision enacted by this Act is held invalid in one or more of its applications, the provision remains in effect in all valid applications that are severable from the invalid application or applications. [Codified to 15 U.S.C. 1601 note] [Source:  Section 501 of title V of the Act of May 29, 1968 (Pub. L. No. 90-321; 82 Stat. 167), effective May 29, 1968] § 502.  Captions and catchlines for reference only   Captions and catchlines are intended solely as aids to convenient reference, and no inference as to the legislative intent with respect to any provision enacted by this Act may be drawn from them. [Codified to 15 U.S.C. 1601 note] [Source:  Section 502 of title V of the Act of May 29, 1968 (Pub. L. No. 90-321; 82 Stat. 167), effective May 29, 1968] § 503.  Grammatical usages   In this Act:     (1)  The word "may" is used to indicate that an action either is authorized or is permitted.     (2)  The word "shall" is used to indicate that an action is both authorized and required.     (3)  The phrase "may not" is used to indicate that an action is both unauthorized and forbidden.     (4)  Rules of law are stated in the indicative mood. [Codified to 15 U.S.C. 1601 note] [Source:  Section 503 of title V of the Act of May 29, 1968 (Pub. L. No. 90-321; 82 Stat. 167), effective May 29, 1968] § 504.  Effective dates   (a)  Except as otherwise specified, the provisions of this Act take effect upon enactment.   (b)  Chapters 2 and 3 of title I take effect on July 1, 1969.   (c)  Title III takes effect on July 1, 1970.   (d)  Title VI takes effect upon the expiration of one hundred and eighty days following the date of its enactment. [Codified to 15 U.S.C. 1601 note et seq.] [Source:  Section 504 of title V of the Act of May 29, 1968 (Pub. L. No. 90-321; 82 Stat. 167), effective May 29, 1968, as amended by section 602 of title VI of the Act of October 26, 1970 (Pub. L. No. 91-508; 84 Stat. 1136), effective October 26, 1970] [Main Tabs]     [Table of Contents - 6500]     [Index]     [Previous Page]     [Next Page]     [Search]

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