The Community Reinvestment Act definition

The Community Reinvestment Act means The Community Reinvestment Act of 1977 (12 U.S.C. 2901 et seq.) as amended.
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Examples of The Community Reinvestment Act in a sentence

  • The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

  • The Community Reinvestment Act ("CRA") requires the OCC to take into account the applicants' record of helping to meet the credit needs of their entire communities, including low- and moderate-income neighborhoods, when evaluating certain applications.

  • Barr, Credit Where It Counts: The Community Reinvestment Act and Its Critics, 80 N.Y.U. L.

  • Lynch, all of Philadelphia, Pennsylvania, to purchase up to 24.9 percent of Porter Bancorp, Inc., Louisville, KY.Newspaper: Federal Register:Not available 09/21/2011 Availability of CRA Public Evaluations The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

  • Miller, The Community Reinvestment Act: An Economic Analysis, 79 VA.

  • The Community Reinvestment Act (CRA), passed by Congress in 1977, encourages financial institutions to help meet their communities’ needs through safe and sound lending practices and by providing retail banking and community development services.

  • The Community Reinvestment Act is intended to encourage depository institutions to help meet credit needs of communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.

  • Availability of CRA Public Evaluations The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

  • The Community Reinvestment Act of 1977 (12 U.S.C. 2901), implemented by Reg- ulation BB (12 CFR 228), was enacted by the Congress with the purpose of enforcing depository institutions to satisfy the credit needs of their local community in which they were chartered and were acquiring deposits.

  • The Community Reinvestment Act requires that, in connection with examinations of financial institutions within their jurisdiction, federal bank regulators must evaluate the record of financial institutions in meeting the credit needs of their local communities, including low and moderate income neighborhoods, consistent with the safe and sound operation of those banks.

Related to The Community Reinvestment Act

  • Community Reinvestment Act means the Community Reinvestment Act of 1977, as amended.

  • Equal Credit Opportunity Act means the Equal Credit Opportunity Act, as amended.

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Fair Housing Act means the Fair Housing Act, as amended.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • CRA means the Canada Revenue Agency.

  • Truth in Lending Act means the Truth in Lending Act of 1968, as amended.

  • Community restitution means compulsory service, without

  • National Housing Act means the National Housing Act (Canada), a federal law that promotes the construction of new houses and the repair and modernization of existing houses. CMHC provides mortgage default insurance under this law.

  • Community rate means a rate of payment based on a per member per month capitation rate or its equivalent that applies to a combination of the subscriber groups for a comprehensive medical plan carrier. References in this subchapter to ‘‘a combination of cost and price analysis’’ relating to the ap- plicability of policy and contract clauses refer to comprehensive medical plan carriers using community rates.

  • Community action agency means an agency designated pursuant to section 8.

  • Home Mortgage Disclosure Act means Home Mortgage Disclosure Act of 1975, as amended.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Community health worker means an individual who:

  • Credit reporting agency means a corporation that carries on a credit reporting business.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)

  • national department means a department of State within the national sphere of government;

  • Property Reinvestment Application means, with respect to any Asset Sale, the application of an amount equal to the Net Proceeds Amount with respect to such Asset Sale to the acquisition by the Borrower or any Subsidiary of operating assets of the Borrower or such Subsidiary to be used in the principal business of such Person as conducted immediately prior to such Asset Sale.

  • Regulation CF means Regulation Crowdfunding promulgated under the Securities Act.

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.

  • Federal Trade Commission Act means the Federal Trade Commission Act of 1914.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • the 2000 Regulations means the Water Supply (Water Quality) Regulations 2000(b); "the 2001 Regulations" means the Water Supply (Water Quality) Regulations 2001(c);

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • the 2007 Regulations means the Civil Enforcement of Parking Contraventions (England) General Regulations 2007;