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12 U.S.C. § 4564

Discretionary adjustment of housing goals

United States · Title 12 — BANKS AND BANKING · Status: effective

Housing & Community Development
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12 U.S.C. § 4564, Discretionary adjustment of housing goals, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438771
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Full text

An enterprise may petition the Director in writing at any time during a year to reduce the level of any goal or subgoal for such year established pursuant to this subpart. The Director may reduce the level for a goal or subgoal pursuant to such a petition only if— The Director shall, promptly upon receipt of a petition regarding a reduction, seek public comment on the reduction for a period of 30 days. The Director shall make a determination regarding any proposed reduction within 30 days after the expiration of such public comment period. The Director may extend such determination period for a single additional 15-day period, but only if the Director requests additional information from the enterprise.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.