CHAPTER 31A. BANKS AND BANKING.

ARTICLE 8B. COMMUNITY REINVESTMENT ACT.

§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.

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

Bill History For §31A-8B-4

1989 Regular Session
HB2674
1982 Regular Session
SB331