12 CFR 24.3
§ 24.3 Public welfare investments.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 24.3, § 24.3 Public welfare investments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43271
- Permanent ID
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Full text
A national bank or national bank subsidiary may make an investment directly or indirectly under this part if the investment primarily benefits low- and moderate income individuals, low- and moderate income areas, or other areas targeted by a governmental entity for redevelopment, or the investment would receive consideration under § 25.23 of appendix G to 12 CFR part 25 as a “qualified investment.”
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.