{"data":{"id":"us/12-u.s.c.-1863","jurisdiction":"us","citation":"12 U.S.C. § 1863","heading":"Permissible bank service company activities for depository institutions","body":"Without regard to the provisions of sections 1864 and 1865 of this title, an insured depository institution may invest in a bank service company that performs, and a bank service company may perform, the following services only for depository institutions: check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, or any other clerical, bookkeeping, accounting, statistical, or similar functions performed for a depository institution.","path":["Title 12—BANKS AND BANKING","CHAPTER 18—BANK SERVICE COMPANIES"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"2a09edf8c6cf51bee361e3441ca62a6d56ce91a03c9fa4b0171f7d4bffb66268","source_id":"us","stale":false,"prev":"us/12-u.s.c.-1862","next":"us/12-u.s.c.-1864"},"notice":"GroundRules: Original legal text. Not legal advice."}