Common use of Lending Practices Clause in Contracts

Lending Practices. 5. KleinBank, including all of its officers, employees, assignees, and successors in interest agree to refrain from engaging in any act or practice that (a) violates the FHA in any aspect of a residential real estate-related transaction, or (b) violates ECOA in any aspect of a 1 As used in this Agreement, a “majority-minority census tract” is one in Hennepin County in which racial or ethnic minorities constituted more than 50% of the population at the time of the 2010 Census. This term does not refer to majority-minority census tracts in other counties. credit transaction. This prohibition includes, but is not limited to redlining practices, such as discrimination in: marketing and advertising; the selection of sites for and the provision of services through branch offices or other channels, including the placement of mortgage loan officers; the delineation of an assessment area under the Community Reinvestment Act of 0000 (“XXX”), 00 X.X.X. §§ 0000-0000; and the determination of geographic areas in which loan applications are solicited or funded, except as set forth herein.

Lending Practices. 5. KleinBank, including all of its officers, employees, assignees, and successors in interest agree to refrain from engaging in any act or practice that (a) violates the FHA in any aspect of a residential real estate-related transaction, or (b) violates ECOA in any aspect of a 1 As used in this Agreement, a “majority-minority census tract” is one in Hennepin County in which racial or ethnic minorities constituted more than 50% of the population at the time of the 2010 Census. This term does not refer to majority-minority census tracts in other counties. credit transaction. This prohibition includes, but is not limited to redlining practices, such as discrimination in: marketing and advertising; the selection of sites for and the provision of services through branch offices or other channels, including the placement of mortgage loan officers; the delineation of an assessment area under the Community Reinvestment Act of 0000 1977 (“XXXCRA”), 00 X.X.X. 12 U.S.C. §§ 00002901-00002906; and the determination of geographic areas in which loan applications are solicited or funded, except as set forth herein.