The Community Reinvestment Act definition

The Community Reinvestment Act means The Community Reinvestment Act of 1977 (12 U.S.C. 2901 et seq.) as amended.
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The Community Reinvestment Act means The Community Reinvestment Act of 1977 (12 U.S.C. 2901 ET SEQ.), as amended.
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Examples of The Community Reinvestment Act in a sentence

  • The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

  • The Community Reinvestment Act ("CRA") requires the OCC to take into account the applicants' record of helping to meet the credit needs of their entire communities, including low- and moderate-income neighborhoods, when evaluating certain applications.

  • Barr, Credit Where It Counts: The Community Reinvestment Act and Its Critics, 80 N.Y.U. L.

  • Lynch, all of Philadelphia, Pennsylvania, to purchase up to 24.9 percent of Porter Bancorp, Inc., Louisville, KY.Newspaper: Federal Register:Not available 09/21/2011 Availability of CRA Public Evaluations The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

  • Miller, The Community Reinvestment Act: An Economic Analysis, 79 VA.

  • The Community Reinvestment Act (CRA), passed by Congress in 1977, encourages financial institutions to help meet their communities’ needs through safe and sound lending practices and by providing retail banking and community development services.

  • The Community Reinvestment Act is intended to encourage depository institutions to help meet credit needs of communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.

  • Availability of CRA Public Evaluations The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

  • The Community Reinvestment Act of 1977 (12 U.S.C. 2901), implemented by Reg- ulation BB (12 CFR 228), was enacted by the Congress with the purpose of enforcing depository institutions to satisfy the credit needs of their local community in which they were chartered and were acquiring deposits.

  • The Community Reinvestment Act requires that, in connection with examinations of financial institutions within their jurisdiction, federal bank regulators must evaluate the record of financial institutions in meeting the credit needs of their local communities, including low and moderate income neighborhoods, consistent with the safe and sound operation of those banks.

Related to The Community Reinvestment Act

  • CRA means the Canada Revenue Agency.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);