State Codes and Statutes

Statutes > District-of-columbia > Division-v > Title-26 > Chapter-4a > Section-26-431-03

Community needs obligation

A financial institution shall have a continuing and affirmative obligation to meet the credit needs of its local communities, including low-income and moderate-income area, consistent with the safe and sound operation of the financial institution.

CREDIT(S)

(June 9, 2001, D.C. Law 13-308, § 403, 48 DCR 3244.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws
For Law 13-308, see notes following § 26-431.01.

Current through September 13, 2012

State Codes and Statutes

Statutes > District-of-columbia > Division-v > Title-26 > Chapter-4a > Section-26-431-03

Community needs obligation

A financial institution shall have a continuing and affirmative obligation to meet the credit needs of its local communities, including low-income and moderate-income area, consistent with the safe and sound operation of the financial institution.

CREDIT(S)

(June 9, 2001, D.C. Law 13-308, § 403, 48 DCR 3244.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws
For Law 13-308, see notes following § 26-431.01.

Current through September 13, 2012


State Codes and Statutes

State Codes and Statutes

Statutes > District-of-columbia > Division-v > Title-26 > Chapter-4a > Section-26-431-03

Community needs obligation

A financial institution shall have a continuing and affirmative obligation to meet the credit needs of its local communities, including low-income and moderate-income area, consistent with the safe and sound operation of the financial institution.

CREDIT(S)

(June 9, 2001, D.C. Law 13-308, § 403, 48 DCR 3244.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws
For Law 13-308, see notes following § 26-431.01.

Current through September 13, 2012