October Term 2006 · Docket 05-1342
Can states regulate a national bank's mortgage subsidiary?
the sides that brought the case argue state law applies to the subsidiary. the opposing sides claim federal law preempts state regulation.
Verified source milestones
- — An official oral-argument transcript was verified.
The arguments, in order
This case may have been argued more than once. Each entry below uses that session's official transcript. Later arguments do not erase earlier ones.
Argument 1 ·
What happened at the argument
Mr. Blanchard argued the dual banking system exemplifies cooperative federalism.
Mr. Srinivasan asserted the issue involves conflict preemption, not field preemption.
Mr. Long stated that undisputed principles help focus the legal issue before the Court.
Read the official transcript for this argument · Official argument details
Sources used for this argument breakdown
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 3, lines 51-5 — Transcript, file page 3, lines 51-5
- Official Supreme Court Transcript — file page 3, lines 7-15 — Transcript, file page 3, lines 7-15
- Official Supreme Court Transcript — file page 4, lines 15-19 — Transcript, file page 4, lines 15-19
- Official Supreme Court Transcript — file page 4, lines 31-41 — Transcript, file page 4, lines 31-41
- Official Supreme Court Transcript — file page 4, lines 51-21 — Transcript, file page 4, lines 51-21
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
- Official Supreme Court Transcript — file page 5, lines 39-41 — Transcript, file page 5, lines 39-41
- Official Supreme Court Transcript — file page 5, lines 51-5 — Transcript, file page 5, lines 51-5
- Official Supreme Court Transcript — file page 6, lines 17-29 — Transcript, file page 6, lines 17-29
- Official Supreme Court Transcript — file page 6, lines 43-45 — Transcript, file page 6, lines 43-45
- Official Supreme Court Transcript — file page 6, lines 49-7 — Transcript, file page 6, lines 49-7
- Official Supreme Court Transcript — file page 7, lines 11-11 — Transcript, file page 7, lines 11-11
- Official Supreme Court Transcript — file page 7, lines 15-19 — Transcript, file page 7, lines 15-19
- Official Supreme Court Transcript — file page 7, lines 35-39 — Transcript, file page 7, lines 35-39
A citizen's guide to the whole case
What this case is about
This case tests the scope of federal preemption over state banking laws.
Official sources for this section
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
How the case got here
The Supreme Court heard oral argument in this case on November 29, 2006.
Official sources for this section
- Official Supreme Court Transcript — file page 3, lines 7-15 — Transcript, file page 3, lines 7-15
What each side wants
the sides that brought the case want state law to apply to the mortgage subsidiary.
the opposing sides want federal law to preempt state regulation of the subsidiary.
Official sources for this section
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
What each side says
the sides that brought the case argue the dual banking system supports state regulatory authority.
the opposing sides argue conflict preemption bars state regulation of the subsidiary.
Official sources for this section
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
What the justices asked
Why did the bank create a subsidiary instead of operating directly?
Does the parent bank need visibility into the subsidiary's activities to protect itself from liability?
Official sources for this section
- Official Supreme Court Transcript — file page 3, lines 51-5 — Transcript, file page 3, lines 51-5
- Official Supreme Court Transcript — file page 4, lines 15-19 — Transcript, file page 4, lines 15-19
- Official Supreme Court Transcript — file page 4, lines 31-41 — Transcript, file page 4, lines 31-41
- Official Supreme Court Transcript — file page 4, lines 51-21 — Transcript, file page 4, lines 51-21
- Official Supreme Court Transcript — file page 5, lines 39-41 — Transcript, file page 5, lines 39-41
- Official Supreme Court Transcript — file page 5, lines 51-5 — Transcript, file page 5, lines 51-5
- Official Supreme Court Transcript — file page 6, lines 17-29 — Transcript, file page 6, lines 17-29
- Official Supreme Court Transcript — file page 6, lines 43-45 — Transcript, file page 6, lines 43-45
- Official Supreme Court Transcript — file page 6, lines 49-7 — Transcript, file page 6, lines 49-7
- Official Supreme Court Transcript — file page 7, lines 11-11 — Transcript, file page 7, lines 11-11
- Official Supreme Court Transcript — file page 7, lines 15-19 — Transcript, file page 7, lines 15-19
- Official Supreme Court Transcript — file page 7, lines 35-39 — Transcript, file page 7, lines 35-39
Why it matters
The outcome defines the boundary between state and federal banking regulation. It determines whether states can inspect and limit mortgage operations of national bank subsidiaries. This affects consumer protection and the structure of the national banking system.
Official sources for this section
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
What happens next
This article currently covers the argument record. Use the official docket link for later case activity.
Official sources for this section
- Official Supreme Court Transcript — file page 3, lines 51-5 — Transcript, file page 3, lines 51-5
- Official Supreme Court Transcript — file page 3, lines 7-15 — Transcript, file page 3, lines 7-15
- Official Supreme Court Transcript — file page 4, lines 15-19 — Transcript, file page 4, lines 15-19
- Official Supreme Court Transcript — file page 4, lines 31-41 — Transcript, file page 4, lines 31-41
- Official Supreme Court Transcript — file page 4, lines 51-21 — Transcript, file page 4, lines 51-21
- Official Supreme Court Transcript — file page 5, lines 39-41 — Transcript, file page 5, lines 39-41
- Official Supreme Court Transcript — file page 5, lines 51-5 — Transcript, file page 5, lines 51-5
- Official Supreme Court Transcript — file page 6, lines 17-29 — Transcript, file page 6, lines 17-29
- Official Supreme Court Transcript — file page 6, lines 43-45 — Transcript, file page 6, lines 43-45
- Official Supreme Court Transcript — file page 6, lines 49-7 — Transcript, file page 6, lines 49-7
- Official Supreme Court Transcript — file page 7, lines 11-11 — Transcript, file page 7, lines 11-11
- Official Supreme Court Transcript — file page 7, lines 15-19 — Transcript, file page 7, lines 15-19
- Official Supreme Court Transcript — file page 7, lines 35-39 — Transcript, file page 7, lines 35-39
Official Court provenance
Official docket and case history · Official Supreme Court oral-argument detail page
Title and summary sources
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
- Official Supreme Court Transcript — file page 25, lines 21-7 — Transcript, file page 25, lines 21-7
- Official Supreme Court Transcript — file page 3, lines 17-49 — Transcript, file page 3, lines 17-49
- Official Supreme Court Transcript — file page 42, lines 5-45 — Transcript, file page 42, lines 5-45
Revision history
- Revision 1 · Official Transcript ·
Correction: Rewritten to the concise citizen-facing editorial standard.
- Revision 2 · Official Transcript ·
Correction: Migrated to the dated official Court activity contract without model use.