{"data":{"id":"us-dc/d.c.-code-26-431.06","jurisdiction":"us-dc","citation":"D.C. Code § 26-431.06","heading":"Rating system for community development performance.","body":"(a)\nThe Commissioner shall establish, by regulation, a system to rate the community development performance of a financial institution. The system shall include the following rating categories:\n(1)\nOutstanding record of performance in meeting the credit needs of its local communities;\n(2)\nHighly satisfactory record of performance in meeting the credit needs of its local communities;\n(3)\nSatisfactory record of performance in meeting the credit needs of its local communities;\n(4)\nNeeds to improve record of performance in meeting the credit needs of its local communities; and\n(5)\nSubstantial noncompliance in meeting the credit needs of its local communities.\n\n(b)\nThe Commissioner shall consider the compliance of the financial institution with the community development plan submitted under § 26-431.03 in assessing and rating the community development performance of the financial institution.\n\n(c)\nThe CFO, when evaluating the community development plan of a deposit-receiving institution shall review the rating category or score assigned to the deposit-receiving institution’s plan by the applicable financial supervisory agency and shall publish the final review on its website.\n\n(d)\nThe CFO shall receive public comments during a 30-day public comment period when reviewing and evaluating the community development plan of a deposit-receiving institution.\n\n(e)\nThe CFO shall consider in the evaluation done pursuant to subsection (c) of this section whether a deposit-receiving institution is engaged in discriminatory, unfair, or deceptive lending practices as determined by federal agencies under the Equal Credit Opportunity Act, approved October 28, 1974 (88 Stat. 1521; 15 U.S.C. § 1691 et seq.), and the Fair Housing Act, approved September 13, 1988 (82 Stat. 81; 42 U.S.C. §§ 3601 et seq.), and their implementing regulations, or under Chapter 11A of this title [§ 26-1151.01et seq.], or Chapter 39 of Title 28 [§ 28-3901et seq.], and their implementing regulations.\n\n(f)\nTo apply for a deposit services contract with the District government, a financial institution must receive at least a “satisfactory” rating on its most recent CRA exam.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 4A. Community Development by Financial Institutions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-431.06","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"7d7f91f9f79136c6e8057a6c2a5294f761db4c8f92e114fefa1f2102625315af","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-431.05","next":"us-dc/d.c.-code-26-431.07"},"notice":"GroundRules: Original legal text. Not legal advice."}