Credit Establishment and Repair. KleinBank shall establish at least one of the following special purpose credit programs intended to help residents of majority- minority tracts establish or remediate consumer credit: (1) debt forgiveness (including unpaid principal, interest, escrow payments, and fees) up to $5,000 per borrower (but not to exceed 90% of the total amount owed) for borrowers or co- borrowers who experience difficulty repaying any residential or consumer loan in KleinBank’s portfolio; or (2) special purpose checking accounts designed to increase the number of account holders; or (3) another program proposed during the term of this Agreement by KleinBank and subject to approval by the United States prior to implementation.
Appears in 4 contracts
Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement
