W. Va. Code § 31A-8B-4: Assessment of the institution's reinvestment in the community.
Where this section sits in the code
- CHAPTER 31A. BANKS AND BANKING.
- ARTICLE 8B. COMMUNITY REINVESTMENT ACT.
In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:
(a) Assess the institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and
(b) Take such record into account in its evaluation of an application for a deposit facility or for permission to engage in financially related services by such institution.
Collected 2026-09-06T00:27:57Z. Source file · JSON