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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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 and Compliance Policy Committee shall consist of not fewer than four board members, one of whom shall be the Chief Executive Officer and a majority of whom are not officers of the Bank.

  • The Community Reinvestment Act and regulatory compliance policies and procedures established and the recommendations made shall be consistent with, and shall supplement, the Community Reinvestment Act and regulatory compliance programs, policies and procedures of Banc One Corporation and Banc One Ohio Corporation.

  • The Community Reinvestment Act and Compliance Policy Committee, whose chairman shall be appointed by the Board, shall keep a record of its proceedings and report its proceedings and the action taken by it to the Board of Directors.

  • 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.

  • Reserve Sys., The Community Reinvestment Act: Its Evolution and New Challenges, Speech at the Washington D.C. Community Affairs Research Conference (Mar.

  • 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.

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

  • The Community Reinvestment Act in the U.S., passed in 1977, was pivotal in creating the community development finance industry that has since poured billions into otherwise underserved neighborhoods.

Related to The Community Reinvestment Act

  • Community Reinvestment Act means the Community Reinvestment Act of 1977, as amended.

  • Equal Credit Opportunity Act means the Equal Credit Opportunity Act, as amended.

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Fair Housing Act means the Fair Housing Act, as amended.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • CRA means the Canada Revenue Agency.

  • Truth in Lending Act means the Truth in Lending Act of 1968, as amended.

  • Community restitution means compulsory service, without

  • National Housing Act means the National Housing Act (Canada), a federal law that promotes the construction of new houses and the repair and modernization of existing houses. CMHC provides mortgage default insurance under this law.

  • Community rate means a rate of payment based on a per member per month capitation rate or its equivalent that applies to a combination of the subscriber groups for a comprehensive medical plan carrier. References in this subchapter to ‘‘a combination of cost and price analysis’’ relating to the ap- plicability of policy and contract clauses refer to comprehensive medical plan carriers using community rates.

  • Community agency means a person, a public or private nonprofit organization or a firm, partnership or business corporation operated for profit, which:

  • Community action agency means a nonprofit eleemosynary corporation created pursuant to Chapter 45, Title 43 providing, among other things, weatherization services to a homeowner or tenant.

  • Market Regulation Department means all Exchange Officials and/or agents of the Exchange that assist the Exchange in the implementation, surveillance and enforcement of the Exchange Rules and other Obligations.

  • Home Mortgage Disclosure Act means Home Mortgage Disclosure Act of 1975, as amended.

  • 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.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Community health worker means an individual who:

  • FFIEC means the Federal Financial Institutions Examination Council.

  • Credit reporting agency means a corporation that carries on a credit reporting business.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)

  • Property Reinvestment Application means, with respect to any asset disposition, the application of the Net Proceeds Amount (or a portion thereof) with respect to such asset disposition to the acquisition by the Company or any Subsidiary of fixed or capital assets of the Company or any Subsidiary to be used in the business of such Person.

  • Regulation CF means Regulation Crowdfunding promulgated under the Securities Act.

  • Federal Trade Commission Act means the Federal Trade Commission Act of 1914.

  • Plan Assets Regulation means 29 C.F.R. Section 2510.3-101, et seq., as modified by Section 3(42) of ERISA.

  • the 2000 Regulations means the Water Supply (Water Quality) Regulations 2000(b); "the 2001 Regulations" means the Water Supply (Water Quality) Regulations 2001(c);

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