No savings association shall carry on any sale, plan, or practices, or any advertising, in violation of regulations promulgated by the Director.

(June 13, 1933, ch. 64, §12, as added Pub. L. 101–73, title III, §301, Aug. 9, 1989, 103 Stat. 343; amended Pub. L. 111–203, title III, §369(10), July 21, 2010, 124 Stat. 1565.)

Pub. L. 111–203, title III, §§351, 369(10), July 21, 2010, 124 Stat. 1546, 1565, provided that, effective on the transfer date, this section is amended by substituting “a Federal banking agency” for “the Director”. See Effective Date of 2010 Amendment note below.

Amendment by Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.