12 CFR 1808.620
§ 1808.620 Investments in Guaranteed Bonds ineligible for Community Reinvestment Act Purposes.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 1808.620, § 1808.620 Investments in Guaranteed Bonds ineligible for Community Reinvestment Act Purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51419
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Full text
Notwithstanding any other provision of law, any investment by a financial institution in Bonds shall not be taken into account in assessing the record of such institution for purposes of the Community Reinvestment Act of 1977 (12 U.S.C. 2901). Other forms of participation by financial institutions in CDFI Bond Guarantee Program transactions may be eligible for inclusion in Community Reinvestment Act records to the extent permitted by the Appropriate Federal Banking Agency.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.