CRA

Community Reinvestment Act

US Code Title 12, Chapter 30 - Community Reinvestment, Section 2906

2906. Written evaluations

(a) Required

(1) In general
Upon the conclusion of each examination of an insured depository institution under section 2903 of this title, the appropriate Federal financial supervisory agency shall prepare a written evaluation of the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods.

US Code Title 12, Chapter 30 - Community Reinvestment, Section 2901

2901. Congressional findings and statement of purpose

(a) The Congress finds that -

(1) regulated financial institutions are required by law to demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business;

(2) the convenience and needs of communities include the need for credit services as well as deposit services; and

Subscribe to RSS - CRA