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§31A-8B-4 Assessment of the institution's reinvestment in the community.

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§31A-8B-4.Assessment of the institution's reinvestment in the community.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.
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  • §31A-8B-4. Assessment of the institution's reinvestment in the community.

    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.

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