§ 253.6 - Preemption.

Related Notices
- 2023-00213. Final rule. 2023-00213. Regulations Implementing the Adjustable Interest Rate (LIBOR) Act
- 2022-15658. Notice of proposed rulemaking. 2022-15658. Regulation Implementing the Adjustable Interest Rate (LIBOR) Act

Latest version.

§ 253.6 Preemption.

Pursuant to section 107 of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5806, this part supersedes any provision of any state or local law, statute, rule, regulation, or standard -

(a) Relating to the selection or use of a benchmark replacement or related conforming changes; or

(b) Expressly limiting the manner of calculating interest, including the compounding of interest, as that provision applies to the selection or use of a Board-selected benchmark replacement or benchmark replacement conforming changes.

                    
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§ 253.6 - Preemption.

§ 253.6 Preemption.