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Code · CFR · Title 12 — Banks and Banking · Part 1263 — Members of the Banks · § 1263.9

§ 1263.9. Makes long-term home mortgage loans requirement.

70 words·~1 min read·/us/cfr/t12/s§ 1263.9·

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An applicant shall be deemed to make long-term home mortgage loans, as required by section 4(a)(1)(C) of the Bank Act (12 U.S.C. 1424(a)(1)(C)) and § 1263.6(a)(3), if, based on the applicant's most recent regulatory financial report filed with its appropriate regulator, or other documentation provided to the Bank, in the case of a CDFI applicant that does not file such reports, the applicant originates or purchases long-term home mortgage loans.
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§ 1263.9
Makes long-term home mortgage loans requirement.
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