12 CFR 1808.503
§ 1808.503 Consultation with Appropriate Regulatory Agencies.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1808.503, § 1808.503 Consultation with Appropriate Regulatory Agencies, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51396
- Permanent ID
ys:prov:51396@1- SHA-256
cce3a6038310ba290d772ec154f46d61fa2834278971fdaf78631adb060bab96
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Full text
In the case of any CDFI Bond Guarantee Program applicant that is a Federally regulated financial institution (or an Affiliate thereof), the CDFI Fund may consult with the Appropriate Federal Banking Agency or Appropriate State Agency prior to designating the applicant as a Qualified Issuer, Servicer, Master Servicer/Trustee, Program Administrator or other role, making a final Guarantee commitment, issuing a Guarantee, and/or entering into an Agreement to Guarantee. The CDFI Fund also reserves the right, in its sole discretion, to consult with the Appropriate Federal Banking Agency and Appropriate State Agency with respect to any Eligible CDFI that is proposed to receive a Bond Loan or any Secondary Borrower that is proposed to receive a Secondary Loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.