12 CFR 1808.620: Investments in Guaranteed Bonds ineligible for Community Reinvestment Act Purposes.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY
- PART 1808—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM
- Subpart F—Terms and Conditions of Guarantee
Notwithstanding any other provision of law, any investment by a financial institution in Bonds shall not be taken into account in assessing the record of such institution for purposes of the Community Reinvestment Act of 1977 (12 U.S.C. 2901). Other forms of participation by financial institutions in CDFI Bond Guarantee Program transactions may be eligible for inclusion in Community Reinvestment Act records to the extent permitted by the Appropriate Federal Banking Agency.
Collected 2026-08-27T02:24:16Z. Source file · JSON