{"data":{"id":"us/12-cfr-253.6","jurisdiction":"us","citation":"12 CFR 253.6","heading":"Preemption.","body":"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—\n(a) Relating to the selection or use of a benchmark replacement or related conforming changes; or\n(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.","path":["Title 12—Banks and Banking","CHAPTER II—FEDERAL RESERVE SYSTEM","SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM","PART 253—REGULATIONS IMPLEMENTING THE ADJUSTABLE INTEREST RATE (LIBOR) ACT (REGULATION ZZ)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"b6263eaf582b554a7f6d03fdf9915aa496dc0b97b6320686c5cbb166af62761b","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-253.5","next":"us/12-cfr-253.7"},"notice":"GroundRules: Original legal text. Not legal advice."}