12 CFR 1290.4
§ 1290.4 FHFA review and decision on Community Support Statements.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1290.4, § 1290.4 FHFA review and decision on Community Support Statements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50967
- Permanent ID
ys:prov:50967@1- SHA-256
6622715013436ef326e96f9f33c5b085142021d89ccbb5c007c9fc86517ffb57
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Full text
(a) Review by FHFA. FHFA will review each member approximately once every two years for compliance with the community support requirements of this part.
(b) Complete Community Support Statements. A Community Support Statement is complete when a member has provided to FHFA all of the information required by this part.
(c) Decision on Community Support Statements. FHFA will provide written notice to the member's Bank of FHFA's determination regarding the Community Support Statement submitted by the member. A notice placing a member on probation or restricting the member's access to long-term Bank advances will identify the reasons for FHFA's determination. The Bank must promptly notify the member of FHFA's determination regarding the member's Community Support Statement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.